Showcase Cinemas

Does anyone have any information on the status of the old Showcase Cinemas?  I have heard that there have been several inquiries by a church, Sullivan University, and other potential buyers.  I've also heard that the sellers have stipulated that whoever purchases the property CANNOT operate a theater there.  That strikes me as ridiculous.  The building that's currently there can pretty much ONLY support a theater, so you're essentially forcing the buyer to demolish the building and build new, driving up the price drastically I have to believe.