| re: Restoring The Imperial Theatre Costs |
| Posted by: ryhog 10:04 am EDT 08/13/17 |
| In reply to: Restoring The Imperial Theatre Costs - Naughty_Rob 09:30 am EDT 08/13/17 |
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yes and the money to do it has been in escrow since before the theatre license was signed. I have heard it is not nearly as much as people might think as most of the alterations are superficial except for the seats that have to be unbolted and rebolted (and the floor and carpet repaired or replaced). I'm guessing the escrow (included in the capitalization) is likely $1-1.5 million but I have not seen the offering papers so that is just a guess.
this has all been rehearsed in other threads previously. |
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