Rethinking downtown projects
ITHACA, NY — Officials are currently discussing how the profitability of one movie theater affects the planning of the city:
As an elected official who has not endorsed any aspect of the Cayuga Green project, including the seizure of property through eminent domain to advance project goals, the original multiplex theater plans, and the plan to remove the helix to accommodate the preferred developer’s (Bloomfield, Schon & Partners) requests, it may come as no surprise that I plan to vote no, once again, tonight at City Council.
Last year, the operators of Seventh Art (Cinemapolis and Fall Creek Pictures) made a compelling case that a first-run movie theatre might also show those art films which would eat substantially into their profits.
For more, visit the Full Story in the Ithaca Journal.