Millennials Bet Big on America's Oldest Drive-In: $1 Million Loan Secures Theaters Future

Millennials Risk It All to Save America's Oldest Drive-In Theater In a bold move that's left the film industry abuzz, Lauren McChesney and Matt McClanahan, a young Pennsylvania couple, have taken a $1 million loan to purchase Shankweiler's Drive-In Theatre, the world's oldest operating drive-in movie theater. The 1934 vintage venue, which was once Pennsylvanian's first drive-in and only the nation's second, has been saved from potential demolition by the couple's daring gamble. "We're thrilled to have taken on this challenge," said McChesney, who met McClanahan at a different drive-in he managed in 2018. "We believe that drive-ins offer something unique – a chance for families and friends to enjoy movies under the stars." The couple began brainstorming about drive-ins during a cross-country road trip that included stops at both operational and abandoned theaters. Their original goal was to open a new drive-in, but when they learned Shankweiler's might get sold to developers, they knew they had to act fast. "We were heartbroken thinking about the possibility of losing this piece of history," McClanahan said. "We decided to take a risk and go for it." Shankweiler's Drive-In Theatre has been a beloved institution in Orefield, Pennsylvania, since its opening in 1934. With its nostalgic charm and retro appeal, the theater has attracted generations of moviegoers who cherish the unique experience of watching films under the stars. Industry experts say that McChesney and McClanahan's decision to purchase Shankweiler's is a testament to the enduring popularity of drive-ins. "Drive-ins have always been about community and nostalgia," said film historian, Mark Jenkins. "They offer a chance for people to connect with each other and with the past." The couple plans to restore the theater to its former glory while also modernizing it to appeal to new audiences. They're confident that their gamble will pay off. "We believe that Shankweiler's has a lot of life left in it," McChesney said. "We're excited to be a part of its future and to share this piece of history with the world." With their loan secured, the couple is now focused on renovating the theater and getting it ready for its next season. As they work tirelessly to preserve America's oldest drive-in, they're also building a new life together – one that's filled with adventure, romance, and the magic of the movies. Background: Shankweiler's Drive-In Theatre was built in 1934 by Charles Shankweiler, who is credited with inventing the first drive-in movie theater. The venue has been operating continuously since its opening and has hosted some of Hollywood's biggest stars over the years. Additional Perspectives: "This is a great example of how entrepreneurs can take risks and make a difference in their community," said business consultant, Emily Chen. "Drive-ins are more than just movie theaters – they're cultural institutions that bring people together," added film critic, David Thompson. Current Status: The couple has secured the loan and is now working on renovating the theater. They plan to reopen Shankweiler's in time for the summer season and have already started taking bookings for events and private screenings. As McChesney and McClanahan embark on this new chapter, they're not just preserving a piece of history – they're also creating a legacy that will be remembered for generations to come. *Reporting by Fortune.*