$2M federal loan
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"The Park Theatre project is set to take an important step," Board Chairwoman Caroline Hollister said in a statement last week. "Thanks to support from the community, the campaign to raise $100,000 for a $200,000 tax credit match from New Hampshire's Community Development Finance Authority was successful. Having the USDA-RD loan approved means that it is time to demolish the existing structure and prepare the site for reconstruction. The tax credits from the Community Development Finance Authority, matched by the generosity of the community, make that possible."
The board hopes the reconstruction will begin this summer.
It has been eight years since the grassroots effort began to restore the old Art Deco movie house that opened in 1922 and closed in 1976.
Trustees plan to unveil a broader time table and plans for reconstruction at the theater's annual meeting at 5 p.m. on Dec. 5 at the Jaffrey Woman's Club. The annual meeting is free to the public and includes live music, entertainment and refreshments, in addition to a project report to the community.
"I think the project itself has a lot of integrity. I know a lot of the people in the community can't wait," Moravis said.
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