We broke this story months ago and rumors have been flying since.  But now, it's official.   Malco has formally announced plans for a new movie theatre on the east side of Owensboro just off HWY 54.

Malco Theatres has confirmed it will build a new 16-screen theatre complex in Owensboro that is expected to open in 2018.  The project is part of the much touted Gateway Commons initiative.

Malco's plans for its current location, the Malco Cinema 16 on Frederica Street, were uncertain until the formal announcement.  Company officials now say they will ultimately close the current location on Frederica Street.

Malco owns and operates multiple locations in a few select cities like Memphis, Tennessee, Bartlett, Tennessee, Rogers, Arkansas, Fort Smith, Arkansas and Oxford, Mississippi.