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| FIRST ON WGIL: Orpheum Leaders Take Different Route In Looking For Funding |
FIRST REPORTED 12:00pm 5/22/09 The board that oversees the operation of Galesburg's Orpheum Theatre has, at least for now, abandoned the idea of seeking a referendum and will try something else to get much needed money for operations and improvements.
The Knox County Civic Center Authority Board this week learned from attorney Doug Mustain that if they were to seek a tax referendum and if it were successful, under state law, they'd only be able to levy $0.0005 per $100 of assessed value. Mustain says that would only result in about $3,400 per year.
He says bonds would only raise a total of 54,000, and in either case, that wouldn't be a whole lot of money to draw from.
Mustain says, however, the law could, in a way, be changed in the Orpheum's favor.
"Other civic center authorities through the general assembly have adopted and have their own civic center authority act and their all a little similar but also some significant differences."
There are other provisions that could or could not be added to an individual Civic Center Authority bill, but for example, Mustain says the Civic Center Authority Act for Springfield has a 1.5% tax rate, which nets them over $10 million a year. Aledo also has its own act, as do Peoria, Pekin, and the Quad Cities.
The Civic Center Authority Board agreed to invite State Representative Don Moffitt and State Senator Dale Risinger to be part of a tour of the Orpheum and a special meeting to explain what they want to do, and what they need to do it.
(Doug Mustain, standing, speaks to the Knox County Civic Center Authority Board Wednesday afternoon.)
(WGIL News Story and Photos by Will Stevenson.) |
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| 05 23 09 by Newsroom |
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