The Academy wanted to find a new venue for the festivities amid limited seating and rehearsal time concerns with the Dorothy Chandler Pavilion. In addition, problems arose regarding staging the Oscars at the Shrine Auditorium because there was difficulty of directing guests from the auditorium where the main event took place to the adjacent Exhibition Hall for the Governor's Ball. In August 1997, AMPAS and Canadian development firm TrizecHahn went into negotiations over the development of an entertainment complex located on the corner of Hollywood Boulevard and Highland Avenue adjacent to the Mann's Chinese Theatre. Seven months later, both the Academy and TrizecHahn agreed on a twenty-year lease that allowed for the ceremony to be staged at a new venue, which would later be called the Kodak Theatre, located within the property which was also situated near the Hollywood Roosevelt Hotel site of the inaugural awards ceremony in 1929. This was the first time the ceremony was held in Hollywood since the 32nd ceremony took place at the Pantages Theatre in 1960.