[OMS_MANAGERS] Theater Support Needed!

[Janel Ruehl]

Hi Nick,

Great share! I didn't realize the city was jumping in to support the
theater in this substantial way. Thanks for all you're doing to support the
community right now.

J

On Tue, Oct 6, 2020 at 11:10 AM Nick Snead <nsnead at ci.madras.or.us> wrote:

> Good morning!
>
>
>
> I felt compelled to share this story and the City of Madras’ efforts to
> recruit a theater.
>
>
>
> The City of Madras’ Urban Renewal District  incentivized the development
> and opening of a 5-plex movie theater to be constructed in 2010. It was a
> very significant project. Now with the COVID pandemic, the urban renewal
> district has provide a $200,000 forgivable loan, if performance standards
> are met, to the same theater to help them get through the pandemic.
>
>
>
> I did see this article on CNN about the current status of theaters
> <https://www.cnn.com/2020/10/05/media/movie-theaters-regal-closing/index.html?campaign_id=9&emc=edit_nn_20201006&instance_id=22849&nl=the-morning&regi_id=101280812&section_index=4&section_name=play_watch_eat_sprint&segment_id=39939&te=1&user_id=978fc0a98f7676b267dbae48d4330173>.
> Teaser: * 69 percent of the country’s small and midsize movie theater
> companies will be at risk of closing!*
>
>
>
> Please consider the objective and subjective values of a theater(s) in
> your community and how important it is to your community! Accordingly, I’ve
> said that recruiting a theater to Madras was a once in 50 year opportunity!
> If the Madras Cinema 5 closes, it will be very difficult to recruit a new
> owner and operator. With this in mind, I’d encourage the consideration of
> the cost of providing assistance and not providing assistance to theaters
> and the related impacts to your community.
>
>
>
> Most sincerely,
>
>
>
> Nicholas Snead, AICP
>
> Community Development Director
>
> City of Madras
>
> 125 SW E Street
>
> Madras, OR, 97741
>
> (P) 541-475-2344
>
> (F) 541-475-7063
>
> www.ci.madras.or.us
>
>
>


-- 
*Janel Ruehl*
*she/her/hers*

*Program Administrator*
Community & Economic Development
Central Oregon Intergovernmental Council (COIC)
 Office: (541) 548-9527
Cell: (503) 740.8625
jruehl at coic.org
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