This place is located right downtown and they give students a discount. While it may not have the newfangled cushy seats or the cupholders, this theater is usually well-cleaned and run by friendly people. Just because it is an older theater does not affect the movie viewing expereince. I would rather go here than the dinky older theater out by Benner Piks. Yes, there is a newer, larger theater near the mall, but when you're downtown and want to catch a flick, CInema 5 will do the trick.
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