I think we need to concentrate of more residential life in downtown before we focus on large movie complexes.
There was already the Renaissance downtown complex, the Tribune lofts, Philtower, and some here and some there.
In the last 5-6 years we have added:
MAYO Hotel
MAYO Building
The new residential across from Drillers Stadium
Under construction or already announced:
Old YMCA to be converted to lofts
Vandever building has funding to be residential on the top floors
The old Bill White Chevy site has funding to be lofts
Tribune II is under construction (as the Metro at Brady)
First Street Lofts is what it is
New construction is slated next to Hey Mombo.
119 Downtown is still there for someone to pickup and run with
The guys are still trying with 534 S. Boston (Enterprise building)
Ground is broken on a new apartments behind the Double Tree
That's a lot of residential downtown newly formed, under construction, or in the works. While I agree that I would welcome MORE residential (my idea: student housing. Between TCC, OSU Tulsa, Langston, and TU just down the road I think you could work out a neat student housing complex with existing structures or new, a shuttle to and from the various campuses. Near the Blue Dome? Students would LOVE it and pay for it with loan or parents money [read: they can pay]), with so many projects underway most developers want to kinda of wait and make sure the market isn't saturated. You also have the Chicken or the Egg argument - will having MORE things downtown cause more people to want to live there, or will more people living there cause more amenities cause more people to move in?
But I agree "just another movie theater" probably would have low margins facing off against the big commercial chains near 41st and Yale. But I doubt Blake is going in that direction. His places are meant to be a destination: Joe Mommas doesn't really compete with Dominoes, the Max is not the same crowd at McNellie's, and his T-shirt shop isnt fighting with Old Navy for T-Shirt sales.