Orlando gets funds for theater
ORLANDO, FL — The city council is diverting funds so downtown can finally get a movie theater.
The Orlando City Council on Dec. 15 approved a deal that would provide $6 million to the owners of the long-awaited downtown movie theater.
Beverly Hills, Calif.-based RP Realty Partners LLC, which last week told Orlando Business Journal it secured a movie theater operator for its mixed-use The Plaza, will receive the funds through two special assessments levied by the city. The first is a $2.5 million retail assessment to be paid to the city over 15 years, and the second is a $3.5 million parking assessment paid over 10 years.
Read more in the Orlando Business Journal.