Loan for Re­galTheatre

Western Suburbs Weekly - - Footy Finals 2015 - By ROSANNA CAN­DLER

SU­BI­ACO Coun­cil agreed to an im­me­di­ate con­tri­bu­tion of $100,000 and a four-year fixed in­ter­est-only loan of $400,000 to the Re­gal Theatre restora­tion pro­gram at a meet­ing last month.

The first $100,000 will go to­wards the $470,030 cost of in­stalling 1048 new au­di­to­rium seats at the iconic Rokeby Road theatre.

Ear­lier this year, the Re­gal Theatre Foun­da­tion in­vited the City to be­come the first com­mer­cial spon­sor of its on­go­ing $10 mil­lion restora­tion pro­gram.

How­ever, Cr Lyn­ley Hewett said she was hes­i­tant to “spend ratepay­ers’ money on a pri­vate en­ter­prise”.

At the Au­gust 25 coun­cil meet­ing, Cr Mur­ray Rowe said the fixed loan of $100,000 each year for four years, start­ing on Au­gust 30 2016, was a good com­pro­mise.

“The Re­gal Theatre is a beau­ti­ful build­ing that de­serves our sup­port,” he said.

“There is very min­i­mal bud­get im­pact when the loan is spread out over five years.”

Re­gal Theatre Foun­da­tion chair­man and for­mer Su­bi­aco Mayor Richard Dig­gins said the restora­tion would in­clude works on the up­stairs bal­cony.

It would also in­volve the re­place­ment of the western stair­case and a roof, new seat­ing, elec­tri­cal up­grades and re­paint­ing.

Stage one of the works is ex­pected to be com­pleted early next year.

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