Theater on today's agenda

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Today's City Council agenda will give officials a chance to sell the CinemaStar property downtown to Los Angeles-based Maya Cinemas.

Emil Marzullo, the interim head of the San Bernardino Economic Development Agency, recommends that the council approve the sale. The report prepared for the meeting shows that Maya would pay $4.6 million for the property.

The sale was stalled last month because the financing plan was not fully worked out. The plan calls for an $8 million-plus federal loan to help Maya Cinemas renovate the theater building.

Maya's plans call for an Imax theater to be built at the site as well.

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This page contains a single entry by Andrew Edwards published on December 15, 2008 11:39 AM.

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