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TownNews

City OKs $200k incentive for movie theater complex

Posted: Monday, September 20, 2010 9:29 pm | Updated: 11:06 pm, Mon Sep 20, 2010.

PRINCETON — The city of Princeton will pay Showplace Cinema $25,000 a year for eight years to attract a new movie theater to the former Kmart property on the west side of Princeton.

The city council unanimously approved an agreement Monday that requires the city make a payment every June 30 through the Gibson County Economic Development Corp. to Showplace.  

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3 comments:

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  • Sane Taxpayer posted at 4:03 pm on Sun, Sep 26, 2010.

    Sane Taxpayer Posts: 0

    You folks are crazy! There is nothing moral, ethical, economically sound, or logical about this idiotic scheme. Your mayor and city council should be ashamed of themselves, although I'm sure they aren't. Your mayor intends to "make this town better, by God", as if that is within his authority or ability. Someone needs to tell him about F. A. Hayek and his idea of "the fatal conceit".
    Mr. Steiler is playing the taxpayers of Princeton (and Henderson and Connorsville) for chumps. You are financing his business for free, with no interest being paid, and with no claim or stake in the assets. Ask any banker you know if they would ever, in a million years, go for a stupid deal like that.
    I don't live in Princeton. If I did, and had children, I would urge them to leave Princeton as fast as their education and ability would take them.

     
  • concerned posted at 8:35 pm on Tue, Sep 21, 2010.

    concerned Posts: 332

    That tis a lot of popcorn. I'm sure the cinema will be a money maker, but I don't understand why Princeton has to pay out so much money. That's also a lot of tax $$$$$$ that could help those out of work and can't afford to go too movies. Oh well what ever works the politicans will agree and I'm sure there is more to the agreement than meets the eye.

     
  • kmusic posted at 7:55 pm on Tue, Sep 21, 2010.

    kmusic Posts: 0

    This is wrong!

     

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