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: 3
- Bad Joe: Levasseur stalls again - 2
- Good Joe: Kenney for Executive Council - 1
- Insurance exchange: NH Dems, GOP switch sides - 2
- Bottle store blues: The useless grocery mandate - 2
- Finding city revenue: Seek more private partners - 0
- Putin's freedom: Obama's weakness - 42
- Safe seats, frequent flyers - 0
- Sports volunteers: Eric Mommsen embodies the spirit - 0
- Issa drops in: Doesn't match media slant - 1
READER COMMENTS: 0
- Firefighters battle blaze at Pittsfield pizza plant - 0
- Allen Lessels' UNH Notebook: Wildcats, Hogan not finished yet - 0
- Little Green has quartet of contenders for New England wrestling championships - 0
- Roger Brown's High School Basketball: Madness has arrived - 0
- Monarchs: Let's play three - 0
- Another View -- Diana Lacey: Union Leader editorial got gas tax hearing all wrong - 2
- Obamacare's new trick: Only temporary relief - 7
- Cannon Mountain skiers head to Paralympics - 0
- John Stossel: Budget baloney - 0
Obamacare's new trick: Only temporary relief
Bad Joe: Levasseur stalls again
House says no to bill to reduce NH meals tax