Just �1 million needed before St Albans cinema plan deadline
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.
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Among the options for raising funds are advance memberships of �285 each or the sponsorship of seats for �1,000.
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