Options for refinancing theater debt through non-traditional lenders have been exhausted, Finance Director MeLinda told city council at its meeting this evening.
Thus far, no banks have agreed to enter into discussions on possibly refinancing the former Roanoke Rapids Theatre, city Finance Director MeLinda Hite told council at its meeting this evening.
City council will hold a public hearing to explain the refinancing process it plans going through with the former Roanoke Rapids Theatre on September 17.
The only thing missing was the mule, the dying mule, gasping for one final breath as his farmer owner pleaded to the Almighty for the faithful beast to plow one more row before a vicious and ominous storm set in.
A Four Oaks minister who made a pitch to city council to buy the Roanoke Rapids Theatre last year told the panel tonight God was punishing them for not taking the offer seriously.
The city has enlisted the help of a brokerage company to solicit proposals to refinance its debt on the Royal Palace Theatre.
