Nonprofit group, Ioka owner at odds over Exeter theater’s future
“While we appreciate his reduction of the asking price to $400,000, our position remains true to the understanding we and the Exeter community had when we went into this partnership with the Lewis family — the IOKA Theater would be provided to the Exeter Theater Company at no cost,” Tony Callendrello, chairman of the theater company’s board of directors, said in a statement posted on the group’s website.
The theater company originally said it was looking to lease the theater from Lewis for $1 a year for 99 years.
The group insists that the building is worth far less because of its condition and the amount that it would cost to restore the theater.
The group said it would put $100,000 in a maintenance reserve account to be used solely for the stabilization and repair of the theater and for the funding of ongoing expenses.
READER COMMENTS: 0
- U.S. says Islamic State video of journalist's killing is authentic - 0
- No paper on Monday; check UnionLeader.com for updated, breaking news - 0
- Concord attorney Leahy dies - 0
- Robin Williams’ ashes are scattered in San Francisco Bay - 0
- Syracuse, Iowa crowned top party schools - 0
- Parking fines cause disputes, raise revenues - 1
- Jon Cavaiani dies at 70; desperate stand in '71 led to Medal of Honor - 0
- Meriam Ibrahim, family welcomed as long journey ends in Manchester - 2
- Moose International files suit to claim Claremont lodge - 0
READER COMMENTS: 0
- Vailas rallies UNH football to 29-26 win over Richmond - 1
- Dave D'Onofrio's Patriots Notebook: Raiders should be tucked away early - 0
- St. Anselm football wins home opener, goes to 3-0 - 0
- SNHU golfer Nutter earns weekly honor - 0
- Dover's Helliwell wins ACT Invitational - 0
- Concord, Pinkerton, Coe-Brown runners win - 0
- Nashua South gets on track by beating Merrimack - 0
- Pinkerton stuffs Salem late, holds on - 0
- Dartmouth football wins opener over Central Conn., 35-25 - 0
NH's future: Dean Kamen highlights a problem