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W.G.T. Ray noted on the Cinema blog, 10/09/2003: "The Beverly, as it was last known as, was razed in 1989, by Columbia Savings, who were intent on building a parking garage. In fact, the infant L.A. Conservancy, got word the theatre was being dismantled and when initial queries were made, the demolition company was told to stop dismantling and instead were offered a $100,000 bonus to drop the ceiling in one day. They succeeded, receiving the bonus and preventing any saving of this once elegant neighborhood palace."
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