I guess my sources gave me the correct numbers, back in March I said this;
I also heard they are looking at $6 million to finish the facility, this is what they are looking for;
3.5 Million from individual private donor
1.5 Million from City (taxpayers)
1 Million from their own Capital campaign
I’m not sure if they will still try to raise the other $1 million on their own, but I was spot on with my numbers;
Sanford will gift $3.5 million while TenHaken, who hinted at potential financial support for the State Theatre in his State of the City Address last month, is committed to setting aside $1.5 million in city dollars for the project.
What great timing by Mayor TenHaken. On Tuesday the MCC votes to raise our taxes, on Wednesday our Mayor decides to give away $1.5 to a non-profit who has struggled to raise ALL the money on their own. Taxpayers to the rescue. Wasn’t it just a couple of weeks ago the mayor asked for citizen’s input on the budget? I’m guessing that the citizenry would say ‘Hell No!’ on this one, but like I said, we really don’t have any input.
I was told back in March that when Paul was negotiating the deal with Sanford, Denny said he wouldn’t give the money unless the city had some skin in the game.