AD Quality Auto 360p 720p 1080p Top articles1/5READ MORESanta Anita opens winter meet Saturday with loaded card160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! Community members are pinning a lot of hope on the Reseda Theater as they seek the economic resurrection of the surrounding Sherman Way commercial district. But why not? It happened just down the road in Canoga Park with the renovation of the Madrid Theatre. Indeed, if any one thing can spark the revival, it would be the reopening of the theater after nearly 20 years. It will take a lot of work, and some serious investment by the city, which owns it. But the payoff – a renewal of the Reseda neighborhood’s commercial core – would be well worth it.