Although Neighborhood Flix wasn't able to survive at 2510 E. Colfax Ave., the Denver Film Society [2] still sees promise in the space. The nonprofit group has signed papers with the Tavern Hospitality Group to lease the old Flix space for its new film center, reports Westword [3]. The two-year lease moves the society out of its art-house multiplex at the Starz FilmCenter on the Auraria campus to the Lowenstein complex with the Tattered Cover Book Store and Twist & Shout.

"We're getting into a new building turn-key on one of the most vibrant streets in Denver. It's not only a great opportunity, it's a great economic deal as well," film society executive director Tom Botelho tells The Denver Post [4].

The organization will have the option to continue renting or to buy the building for $2 million.