The century-old Collins Street institution is estimated to be worth between $40 million and $50 million, and the council owns a 51 per cent stake.
The City of Melbourne owns 51 per cent of the century-old theatre, which was saved from demolition in 1969.
There is no guarantee the Regent – which first opened in 1929 – would remain a theatre following a sale, but Reece said he was “confident” it would. The century-old theatre is estimated to be worth between $40 million and $50 million. The City of Melbourne owns a 51 per cent stake.Melbourne’s live music scene
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