Piper's Alley theater closes

May 26, 2011 6:52:18 PM PDT
Piper's Alley theater in Chicago's Old Town closed for good Thursday.

It was owned by AMC Theatres of Kansas City. The company says Piper's Alley no longer competed effectively in the marketplace and was closed at the end of business Thursday.

The four-screen theater is part of a retail complex that houses the Second City, star bucks and a Fleet Feet sporting goods store.