Cineplex Update

cinemaGood news. At last Thursday’s MarketStreet Advisory Committee, the committee decided on an 11-1 vote to request National Development to submit a specific proposal, rather than have the committee develop a proposal. The motion, by Anne Mitchell, was:
I move that the MSAC, before spending any further time and resources on evaluating a general theater concept for MarketStreet as suggested by National Development,
• request National Development to provide a specific theater proposal (which shall include the actual proposed language to amend the zoning by-law) for this Committee’s review and evaluation, and
• after receiving and reviewing the specific theater proposal, that this Committee decide on the process for (a) reviewing the specific theater proposal from National Development, (b) conducting discovery and fact-finding on all of the relevant issues, and (c) agreeing on an advisement/recommendation on the theater proposal.
Members and the public described many issues that they believe National should answer. The issues included:
1. Traffic
2. Impact of Building 1350
3. Location of future of garage
4. Financial viability of Cineplex developer
5. Is the theatre a pure lease or will ND be participating in profitability of the cineplex?

More details will be provided after minutes are approved.
The next steps are up to National Development.

Posted in Uncategorized

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