New Alamo Drafthouse set to open next month
The largest Alamo Drafthouse yet is coming to the Lakeline Market Shopping Center in Northwest Austin.
The 10-screen theater that seats 944 patrons is set to open in July, the Austin-based chain said Friday.
The theater, at 14028 N. U.S. 183, will also have a Glass Half Full Taproom, a full-service bar that will serve 32 draft beers and craft cocktails to people inside and outside of the theaters.
A new kitchen design is said to limit distractions and get moviegoers their food and drink more efficiently.
Kyle to get new entertainment complex
An entertainment complex that will include movie theaters, bowling lanes, a video arcade and a restaurant has received approval from the Kyle City Council.
The facility, planned for the Villages of Kyle shopping center at FM 1626 and Interstate 35, is to be developed by Schulman Partners. The Kyle City Council approved $1.1 million in property tax and sales tax rebates over 15 years for the project, according to a news release.
Construction is scheduled to begin this year, with the project coming online as early as next summer, according to the city.
Plug pulled on West Texas clean coal project
A West Texas clean coal project six years in the planning stage has been cancelled.
Tenaska, a Nebraska-based energy company, cited low prices for natural gas and renewable energy in its announcement Friday. The company also is cancelling a clean coal project in Illinois.
The Sierra Club praised the decision.
“Coal is a bad bet for utilities everywhere, and after years of fighting the inevitable, Tenaska learned this the hard way,” said Bruce Nilles, Senior Director of the Sierra Club Beyond Coal Campaign. “Coal is the energy source of the past.”
Starbucks hiking prices despite lower bean costs
NEW YORK — Starbucks wants a few extra pennies for that latte.
The Seattle-based coffee company says it’s hiking prices on average by 1 percent nationally starting on Tuesday. But it says the price for many drinks, such as medium and large brewed coffees and Frappuccinos, won’t change in most its 11,000 U.S. cafes.
“Less than a third of beverages will see a small increase in most stores,” said Lisa Passe, a Starbucks spokeswoman.
The price hike comes despite falling coffee costs that have boosted the company’s profits. In the last quarter, Starbucks cited lower coffee costs for a stronger operating margin, which represents the money it pockets from sales after subtracting what it pays to keep stores running.
Olive Garden luring diners with cheaper prices
NEW YORK — If the free breadsticks and unlimited soup and salad aren’t enough, Olive Garden is hitting the gas on other promotions to get customers through its doors.
Darden Restaurants Inc., which has been struggling to hold onto customers in recent years, said deal offers like “2 for $25” dinner special helped drive up customer traffic at its flagship Olive Garden and Red Lobster chains in the latest quarter. The company said it will keep stressing the affordability of its food in the year ahead to attract more diners.
The strategy raises concerns among some investors, who worry that it’s a short-term fix that only hurts profit margins.