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After 98 years in Seattle's Capitol Hill neighborhood, The Egyptian Theatre is getting ready to close its curtains for the last time.

The theatre was built in 1915, but has been operated by Landmark Theatres since 1989. It's played host to a wide array of independent films and classics, along with the Seattle International Film Festival.

Lauren Kleiman, a spokeswoman with the company, says they couldn't come to terms for a new lease with the landlord, Seattle Central Community College.

I'm stunned, said Theresa Leahy, a Seattle resident who says she's been coming to the Egyptian for as long as she can remember. I hadn't heard anything about it. When you go to a movie at this theatre, it feels like you're stepping back in time a little bit, so yeah, I'm very sad to see this one go.

A spokesperson for the school said they had no plans to raise the rent and would have loved to see Landmark renew its lease.

Kleiman would only say that the economics of running a single-screen theatre are extremely difficult.

The final movie showing a the 600-seat theatre will be June 27th. Landmark will vacate the building onJune 30th.

Seattle Central Community College says they are actively searching for a new tenant. The current rent is a little more than $8400 a month.

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