Northshore Magazine

May / June 2015

Northshore magazine showcases the best that the North Shore of Boston, MA has to offer.

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168 | MAY + JUNE 2015 nshoremag.com in-depth LIVE Pelaez (Marco the Magi) died in 2012. The following May, David Bull (Le Grand David) announced the theatre was for sale, and speculation about its future ran rife. Bull closed a deal in October 2013, amid much mystery sur- rounding the unnamed buyer. In November, the parties revealed businessman/philanthropist Henry Bertolon had purchased it for $1.2 million. He then leased it to the newly formed nonprofit Cabot Performing Arts Center for a dollar for 18 months. Now, the group must raise $5 million for renovations. If they are successful, The Cabot will remain open as a nonprofit with both live programming and films 350 days a year. The plan is to have renovations phased in, with little disruption to the calendar of events. Comprising the nonprofit are Bertolon; Bill Howard, chairman and former president of Beverly Bank; Richard Marino, owner of The Cabot is a classic example of an early 20th- century movie palace. Below, The old marquee will be replaced with a 21st-century digital version.

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