Granite City to get new cinema

posted by CSWalczak on July 15, 2009 at 9:40 am

GRANITE CITY, IL — After several years without a local movie theater, Granite City, IL will soon be getting a new theater. The city will provide tax-increment financing and the theater will be operated by the management of a small chain of theaters headquartered across the river in Saint Louis.

The theater will be paid through tax increment financing funds that can only be used in the downtown area. No general funds will be used for the theater, Mayor Ed Hagnauer said.

“We want to keep the theater under $4 (million), and I believe we can do that,” Hagnauer said Friday.

Read the full story inSuburban Journals.

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