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Story
by Jerry Vasilatos
Screenplay by Jerry Vasilatos
PALACE TREASURE
is the story of TOM VARVERIS, a freshman film student at City College
of Chicago. Tom also works part-time at the Palace Theater, last of
the majestic movie houses still gracing the city's north side. To an
idealistic dreamer like Tom, the Palace is a magical place and stands
as a monument to the movies. As the center of the neighborhood he's
grown up in, Tom has forged strong friendships there, especially with
aging projectionist PHIL STERLING. When the historic landmark is slated
for closure and demolition, Tom and his co-worker FELICIA DAVIES discover
evidence that not only was Phil one of the theater's original financiers,
but a silent film star to boot. Having faded into obscurity, some of
Phil's early films along with many others may be hidden in an ancient
storage vault somewhere within the Palace. Films unseen for over eighty
years.
Time is running
out though. Along with the impending demolition date, the theater's
corporate liaison CHARLES LEEDS and local slumlord LEO WOLFF stand ready
to make a real-estate killing. Having forged a secret alliance, the
two men set their sights set on gentrifying the neighborhood in an effort
to force small businesses out so that they can then sieze the properties
at rock-bottom prices and in turn resell them to developers at huge
profits.
With Sterling
in the hospital after suffering a sudden stroke, Tom must unravel the
web of mystery leading to the hidden film vault on his own. Although
Leeds has set the theater off limits, Tom takes it upon himself to search
for the vault, theorizing that such a discovery would prove the building's
worth and thus save the neighborhood. Enlisting the aid of his best
friend and sidekick PETE MORGAN, Tom embarks on several expeditions
into the theater after its closing. Tom's commitment to the theater
and saving the neighborhood inspires Felicia, and romance blossoms.
While their visits into the labyrinth castle-like structure yield a
variety of unexpected perils and adventures (including one very close
call with Leeds), ultimately the trio's tenacity pays off. Finding the
hidden vault deep within one of the theater's sub-basements, Tom discovers
one of Sterling's films among the lost classics and grabs it as proof.
On their way out of the giant movie palace however, the young adventurers
stumble onto a new threat. Not only is Leeds selling the property to
Wolff, the two are torching it as well, thus forcing the surrounding
mom and pop business owners out much, much sooner.
With his insurance
scheme discovered, Leeds grabs Felicia as a hostage. With Pete's help,
Tom tackles Leeds's henchmen and sets after the executive. Committed
to Sterling, the Palace, and the neighborhood he's grown up in, Tom
must not only save the film-print now, but Felicia as well. As flames
spread through the building and police fill the street, Tom eventually
faces Leeds in a life and death rooftop struggle whose ultimate stakes
are PALACE TREASURE.
PRODUCER/DIRECTOR:
Jerry
A. Vasilatos
NITESTAR PRODUCTIONS
6200 Franklin, #410
Hollywood, CA 90028
Phone / Fax: 213-469-5111
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"PALACE
TREASURE "
© 1996 Jerry Vasilatos
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