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Palace Theater seeks $5,000 from hotel/motel funds for projection upgrade; foundation offers match
Summary
Palace Theater requested city support toward an approximately $80,000 projection and sound upgrade and asked the council to consider a $5,000 contribution; a local foundation pledged to match up to $25,000 in funds raised for the effort.
Council reviewed a staff summary of a request from the Palace Theater to upgrade its digital projection and sound system, which staff estimated would cost about $80,000. The theater has fundraising events planned and requested the city consider contributing $5,000 to the upgrade; council asked staff to produce a near-term projection of available hotel/motel revenue.
A community foundation present at a recent meeting told staff it would match contributions to the theater's fundraisers up to $25,000, a development council members said would move the theater more than halfway toward its fundraising target. "If they've raised 25, that'll be 25. That'll get them 50," one councilmember said, describing the matching commitment.
