Just £1 million needed before St Albans cinema plan deadline

PUBLISHED: 10:52 30 November 2009 | UPDATED: 14:44 06 May 2010

James Hannaway is hoping to refurbish the old Odeon Cinema in London Road

James Hannaway is hoping to refurbish the old Odeon Cinema in London Road

ONLY £1 million is required to turn the dream of a new cinema in St Albans into a reality. Cinema James Hannaway revealed the lower figure at a packed public meeting at The Rex in Berkhamsted - the first cinema he bought and refurbished - on Sunday luncht

ONLY £1 million is required to turn the dream of a new cinema in St Albans into a reality.

Cinema James Hannaway revealed the lower figure at a packed public meeting at The Rex in Berkhamsted - the first cinema he bought and refurbished - on Sunday lunchtime.

The plan hinges upon his ability to find £3 million to fund the purchase and refurbishment of the old Odeon in London Road. But he revealed at the meeting that just £1 million was needed by January to proceed with the exchange of contracts on the purchase price.

The remainder could be raised over the next two years while building work proceeds.

Among the options for raising funds are advance memberships of £285 each or the sponsorship of seats for £1,000.

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