Sad and happy news all at once today. It turns out that with this year's SXSW, I've seen my last movie at the original Alamo Drafthouse downtown in Austin because it's closing down. As detailed on the Drafthouse site's blog and on Ain't It Cool News today, come the end of June, the 10 year old Colorado Street Drafthouse is no more due to rising downtown rent costs among other things. Out of the ashes, however, the Downtown Drafthouse will be reborn at the historic Ritz Theater off of Sixth Street. I'll miss the old place, which I have extremely fond memories of, but am excited about where Tim & Karrie League are taking my favorite brand of cinemas. Head over to AICN for more.