St Albans cinema donations keep pouring in

PUBLISHED: 13:54 15 February 2010 | UPDATED: 14:53 06 May 2010

OVER £700,000 is now in the kitty towards the £1 million purchase price of the old Odeon in St Albans. Cinema entrepreneur James Hannaway, who needs £1 million to purchase the Odeon in London Road, confirmed today that the fund stood at £710,100 – nearly

OVER £700,000 is now in the kitty towards the £1 million purchase price of the old Odeon in St Albans.

Cinema entrepreneur James Hannaway, who needs £1 million to purchase the Odeon in London Road, confirmed today that the fund stood at £710,100 - nearly three quarters of the asking price.

And he is still very optimistic about securing the art deco building for £1 million despite overrunning the deadline for exchange of contracts on the building.

Mr Hannaway, who previously restored The Rex in Berkhamsted, said: "At over £700,000 in a mere five weeks I believe we will do it. Though the deadlines have been relaxed, time is still tight."

So far the money has come in as £14,282 in donations, investments of £466,000, loans of £38,500, advance memberships of £132,600 and sponsored seats worth £57,000. This brings the grand total so far raised to £708, 382.

The coffers could also be swelled further by a bid from a Facebook group to raise a further £2,000 by getting its member to club together and sponsor a couple of seats.

The appeal has gone out to its members saying: "We have over 1,320 friends so even if we get a third of our friends sending £5 each we can get two chairs with our group name embroidered which would be brilliant. A lasting testament to the powers of online social networking!


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