When the Ram Triple Theatre closed its doors a few weeks ago, many students and frugal movie buffs lamented the loss of the only place in town where they could see a flick for a buck and a half.
But the theater's replacement might still appeal to a younger crowd, if not the penny pinchers.
Elevations, the nightclub being constructed in the 10,000-square-foot area where the Ram Triple Theatre once stood, is expected to be finished by March.
Created by former UNC student Brent Lee, the club is expected to have several large dance areas and bars located on different levels featuring martinis, cigars and jazz music.
"Renovations will begin within the next 90 days," said Mannig Bouten, owner of Franklin Street Plaza Ltd.
Ram Triple Theatre was located between Molly Maguire's Irish Pub and Tar Heel Barber Shop on Rosemary Street.
The popular theater was forced to close in early October when the lease expired with Franklin Street Plaza Ltd., who owns the space.
Joel Harper, former president of the Chapel Hill-Carrboro Chamber of Commerce, said the Ram Triple closed for two main reasons.