City Council approves financing for IMAX screen at Wichita area theater
WICHITA, KS — The approval of the issuance of millions of dollars in industrial revenue bonds by the Wichita City Council clears the way for construction of what is claimed to be the world’s largest digital IMAX screen at the 21st Street Warren Theatre.
The project would add a 600-seat IMAX theater to Warren’s movie complex near 21st Street North and Tyler Road. Warren is describing the theater as the largest commercial digital IMAX in the world.
The proposal would provide a 100 percent property tax abatement on the property. Warren instead would make payments in lieu of taxes equal to the property’s 2009 taxes, plus a 2.3 percent annual escalator.
The full story is in the Wichita Business Journal.