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Shapiro Purchases The Cap for $11.5 Million

The music entrepreneur now owns his very own psychedelic rock palace.

Peter Shapiro was only leasing the historic Capitol Theatre when he spent more than $2 million to transform it from a late 20s era venue into the “psychedelic palace” it is today. But on Dec. 28, 2012, three months after new Cap opened under his stewardship, Shapiro finalized the contract to purchase the building for $11.5 million, confirmed Cap spokesman Anthony D'Amato Monday. Shapiro bought the building from who had owned it for the last three decades. Ravikoff had primarily used the space for private parties or band practices until Shapiro took over.

The Capitol Theatre reopened for the public on Sept. 4 with a performance by music legend Bob Dylan. Since then, famous rock, blues and pop acts have graced the stage; several shows, including My Morning Jacket and sold out within minutes of the tickets being released.

To read more about the Capitol Theatre and its shows, click here. This month's line up includes Trey Anastasio, Yo Gabba Gabba, Pat Benatar, Guster and more. Read more here.

Jim Byrne January 09, 2013 at 02:27 PM
The Cap is FANTASTIC. The My Morning Jacket shows were spectacular, as were all the others I've been fortunate enough to attend!
Remy Chevalier January 29, 2013 at 04:52 PM
Maybe Peter Shapiro will host a benefit to shut down Indian Point? Hint, hint! ;o) www.rockthereactors.com
Joseph February 13, 2013 at 03:42 AM
Sign me up! Indian Point has to go.
Joseph February 13, 2013 at 03:52 AM
I've always paid $8. You must be including the tip! So how much do you pay for parking in NYC to see an event; $20-$35 ? It's FREE in Port Chester! BTW what's the toll between Rye and Port Chester? Nada! Get the point?
Joseph February 13, 2013 at 03:57 AM
Eight GREAT shows so far. Home in less than 10 minutes. Priceless!

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