Mike Furlinger, the man behind both the Terrace Theater and the Terrace Hippodrome, just announced that he has sold his James Island theater.

After owning the Terrace Theater on James Island for three years, Furlinger says that now is the time to move on. “Over this time we have seen the theater grow to one of the most prominent movie theaters in the state,” he says. “I feel the time is now right to pass the torch.”

That proverbial torch is now passed on to independent filmmakers and producers Paul Brown and Barbara Tranter. The Brown and Tranter duo, who currently own the Aurora Theatre up in New York, are moving to Charleston to manage the Terrace. Furlinger adds, “I trust the Terrace will be in good hands. Barbara and Paul will continue the Terrace tradition.”

This isn’t, of course, the last you’ll see of Furlinger. Though he no longer owns the James Island location, he is still keeping the Hippodrome, which will continue to show first-run movies, but it won’t be under the Terrace name. Brown and Tranter are strong advocates for independent films, having been a part of a number of film festivals in New York and Toronto.

According to Furlinger, both the Hippodrome and the Terrace will work on the Charleston Film Festival, which is scheduled for March 11-14. A Twitter post from the Hippodrome indicates that the sale of the James Island theater will take place at the end of March.

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