The city will begin opening up the Roanoke Rapids Theatre to those interested in renting the facility.
Bank of America has agreed to release the city from its deed of trust to make it easier to sell the Roanoke Rapids Theatre.
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.
Much of the discussion during a Roanoke Rapids City Council work session this evening centered on the theater and what to do with it now that the lease agreement with HSV Entertainment officially comes to a close in four days.
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.
Solutions to rid the city of a large share of its theater debt continue to be a focus of Roanoke Rapids City Council.
Bank of America has tentatively approved a lease agreement that would allow HSV Entertainment to continue to run the Roanoke Rapids Theatre as the Royal Palace Theatre.
Dare County developer Ray Hollowell told Carolina Journal that he and developer Rick Watson signed a promotion agreement in March 2008 with Dolly Parton’s sister, Cassie Parton King, and Cassie’s husband, Scott King, to push development at South Mountain in Burke County.
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.
