It's finally happening: The former Loew's Kings Theatre in Flatbush will become "the next Apollo." Borough President Marty Markowitz has been trying to transform Brooklyn's largest movie theater into the site for it's own answer to the famous Harlem theater for years, and it appears as though it's becoming a reality.

Today, Mayor Bloomberg and other city officials will host a $93 million ground breaking on a Economic Development Corp. project to restore the 84-year-old, 3,195-seat building to what it once was. The building, located at 1025 Flatbush Avenue, closed in 1978. Over the past 35 years, there have been several attempts to revamp the site, most recently three years ago by Houston-based ACE Theatrical Group.

According to sources, construction should wrap by 2014. Regardless of how marvelous the new site may be, there's still only one Apollo Theater.

[via NY Post]