City passes theater deal
CLINTON — The city has approved an agreement with Eagle Theater Corp. to help ensure the Clintonia Eagle Theater remains a first-run local theater into the future.
Eric Gubelman, president of Eagle Theater Corp., explained the agreement during Tuesday’s city council meeting.
Gubelman said the ordinance portion of the agreement creates a 10 percent tax on tickets.
“The agreement portion is to rebate that 10 percent …for three years, and then 95 percent of that in subsequent years,” Gubelman said.
He said they have reclassified part of the theater’s ticket price to be part of the tax,” and we don’t pay film rental on the part that the customer pays that is taxable.”
“So, we save 44 cents on the dollar of that amount,” Gubelman said.
• Read the complete story in the Friday, Sept. 22 print edition of the Clinton Journal or now in the E-Edition for subscribers.