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|FIRST ON WGIL: Finance Committee Recommends County Board Vote on Orpheum Theatre Funding
|POSTED 11:24pm 10/21/09 There's still some questions, but the full Knox County Board will get the chance to decide whether or not they'll give the Orpheum Theatre money in support of a federal economic stimulus-related grant they're applying for.
The County Board's Finance Committee voted Wednesday night to take the Orpheum's $50,000 funding request to the full board meeting next week.
The Orpheum is seeking local matching funds that will be needed if it is successful in obtaining the "Save America's Treasures" grant in order to make a myriad of renovations.
Knox County Board Chairman Greg Bacon, who initially said he didn't think the county would get a return on its investment, changed his mind a bit after learning the county does get some sales tax revenue that can be argued is generated through the Orpheum's events.
"We do need some more information on it before we can (vote)," Bacon said. "I never thought about the sales tax and stuff like that. I'm still having a hard time on it and stuff like that."
Orpheum president Kate Francis agreed to make a presentation to the full County Board next Wednesday, and officials are expected to get a breakdown of just how much revenue the County gets in sales tax revenue.
Finance Committee chair Wayne Saline says he supports the funding, but doesn't want to have to pay it out right away. "I would do (the funding) over a three-year period to spread out our costs, because we have that option," Saline said. "It's going to be hard for us to come up with the $50,000 in one shot."
The finance committee did vote to bring the budget for the fiscal year beginning December first -- reflecting a very slight surplus -- to the full board at their next meeting, with a final vote being taken in November.
(Orpheum Theatre. WGIL News Story and File Photo by Will Stevenson.)
|10 22 09 by Newsroom
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