The city is drafting proposals for Bank of America to review following last week's meeting with its representatives to discuss financing solutions for the theater.
Maybe the reverend was right, that the folly of the backhanded pursuit of the Roanoke Rapids Theatre was doomed by spiritual indignation.
The decision for the city and HSV Entertainment to end the company's lease of the Roanoke Rapids Theatre is tied to an agreement struck with United States Attorney's Office.
The city and HSV Entertainment will end the lease agreement that allowed the company to run what is currently known as the Royal Palace Theatre.
The city has reached an agreement with HSV Entertainment on a new tenant lease at the Roanoke Rapids Theatre.
The city's attorney is discussing terms and conditions of a new lease on the Roanoke Rapids Theatre with representatives of HSV Entertainment.
The Roanoke Rapids Theatre proposal city council balked on Tuesday night was one of two proffered by partners making up JP Amusements, the second one being the document the three members turned down.
As the city continues to study whether to grant a 10-month extension on its theater lease with HSV Entertainment, the company is seeking to do whatever it can to push the matter through.
HSV Entertainment this evening asked city council for a 10-month extension on its lease for the Royal Palace Theater.
Options for refinancing theater debt through non-traditional lenders have been exhausted, Finance Director MeLinda told city council at its meeting this evening.
