sentences:  Eliot Feld, the company’s founder and Artistic Director, and Cora Cahan, its Executive Director, envisioned creating a theater specifically for smaller dance organizations that their company could use, which would also be available to other companies.The first facility they looked at in late 1978 was the Elgin Theater, a defunct movie theater in Manhattan’s Chelsea neighborhood built in 1941.They quickly commenced negotiations to purchase it, ultimately arriving at a price of $225,000 and concluded the transaction in January, 1979.