<div dir="ltr">Hi Nick, <div><br></div><div>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. </div><div><br></div><div>J</div></div><br><div class="gmail_quote"><div dir="ltr" class="gmail_attr">On Tue, Oct 6, 2020 at 11:10 AM Nick Snead <<a href="mailto:nsnead@ci.madras.or.us">nsnead@ci.madras.or.us</a>> wrote:<br></div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex">
<div lang="EN-US">
<div class="gmail-m_3544769216113024485WordSection1">
<p class="MsoNormal">Good morning!<u></u><u></u></p>
<p class="MsoNormal"><u></u> <u></u></p>
<p class="MsoNormal">I felt compelled to share this story and the City of Madras’ efforts to recruit a theater.
<u></u><u></u></p>
<p class="MsoNormal"><u></u> <u></u></p>
<p class="MsoNormal">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.<u></u><u></u></p>
<p class="MsoNormal"><u></u> <u></u></p>
<p class="MsoNormal"><a href="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®i_id=101280812§ion_index=4§ion_name=play_watch_eat_sprint&segment_id=39939&te=1&user_id=978fc0a98f7676b267dbae48d4330173" target="_blank">I
did see this article on CNN about the current status of theaters</a>. Teaser: <b>
<u>69 percent of the country’s small and midsize movie theater companies will be at risk of closing!</u></b><u></u><u></u></p>
<p class="MsoNormal"><u></u> <u></u></p>
<p class="MsoNormal">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.<u></u><u></u></p>
<p class="MsoNormal"><u></u> <u></u></p>
<p class="MsoNormal">Most sincerely,<u></u><u></u></p>
<p class="MsoNormal"><u></u> <u></u></p>
<p class="MsoNormal">Nicholas Snead, AICP<u></u><u></u></p>
<p class="MsoNormal">Community Development Director<u></u><u></u></p>
<p class="MsoNormal">City of Madras<u></u><u></u></p>
<p class="MsoNormal">125 SW E Street<u></u><u></u></p>
<p class="MsoNormal">Madras, OR, 97741<u></u><u></u></p>
<p class="MsoNormal">(P) 541-475-2344<u></u><u></u></p>
<p class="MsoNormal">(F) 541-475-7063<u></u><u></u></p>
<p class="MsoNormal"><a href="http://www.ci.madras.or.us" target="_blank">www.ci.madras.or.us</a><u></u><u></u></p>
<p class="MsoNormal"><u></u> <u></u></p>
</div>
</div>
</blockquote></div><br clear="all"><div><br></div>-- <br><div dir="ltr" class="gmail_signature"><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><font style="background-color:rgb(255,255,255)" color="#000000"><b>Janel Ruehl</b></font></div><div style="text-align:left"><font style="background-color:rgb(255,255,255)" color="#000000"><font size="1"><i>she/her/hers</i></font><b><br></b></font></div><div dir="ltr"><div><font style="background-color:rgb(255,255,255)" size="2" color="#000000"><b>Program Administrator<br></b></font></div><div><span style="color:rgb(0,0,0);font-size:x-small">Community & Economic Development</span><br></div><div><font style="background-color:rgb(255,255,255)" size="1" color="#000000">Central Oregon Intergovernmental Council (COIC)</font></div><div><font color="#000000"><font style="background-color:rgb(255,255,255)" size="1"> Office: (541) 548-</font><font style="background-color:rgb(255,255,255)" size="1">9527</font></font></div><div><font color="#000000"><font style="background-color:rgb(255,255,255)" size="1">Cell: (503) 740.8625</font></font></div><div><font color="#000000"><font style="background-color:rgb(255,255,255)" size="1"><a href="mailto:jruehl@coic.org" target="_blank">jruehl@coic.org</a></font></font></div><div><div style="color:rgb(136,136,136)"><br><br></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div>