City Of Nashville To Purchase $10,000 In State Theater Shares
By Alex Haglund
The Nashville City Council voted at their Feb. 5 meeting to make a purchase of a sizable amount of stock in the State Theater– 100 shares –to help with the theater’s purchase of a new digital projector.
“I think $10,000 is reasonable,” said council member Terry Kozuszek, who first spoke on the issue since a request for funds was made at the January council meeting by Theater Board president Carole Moeller.
Kozuszek stated that either a donation or a purchase of theater shares at $100 each would be fine.
“I would prefer we do the share situation,” said Mayor Ray Kolweier, “skin-in-the-game, so to speak.”
“I think everyone understands the theater’s situation,” Kolweier continued. “They are trying to raise up to $80,000 to do this.”
“I think we should do what we can to keep it up and running,” councilor Doug Hargan agreed.
Kozuszek motioned to purchase 100 shares of stock at $100 each. The motion was approved by the council.
At the time of the vote, it was suggested that the money come from the tourism funds from motel taxes, but it was not known at the time of the meeting if this expenditure would be an eligible use of those funds.
City Of Nashville To
Purchase $10,000 In
State Theater Shares