Colonial Theater Funding 2026

[FlyingScot]

Originally Posted by 8gv

It seems like the Colonial Theatre will be a topic of discussion again.

The LDS article of late hints at the need to make money.

The debt service cited in the article is a big number.

Are the taxpayers of Laconia on the hook for that if the cards all fall down?



I love the theatre and have enjoyed some shows there but...

SHOW ME THE MONEY!

The article reads like it is a municipal bond that funded part of the restoration. If that is the case, no doubt the town/taxpayers are on the hook. But that is whether the theater is operating or not. The article does not indicate whether the definition of losing money is before or after the debt service. If the theater is cash positive before debt service, which is very likely, there's no doubt the best thing to do financially is to continue to operate