Norgan surplus dedicated to capital
Future Norgan Theatre profits will be used for capital projects at the entertainment venue.
At the March 27 Parks and Recreation Advisory committee meeting member Bob McEachern requested more information regarding the Norgan Theatre board’s plans for any annual surpluses from theatre operations now that the debt to the municipality is paid off.
The municipality loaned a group of community volunteers $177,000 in 2007 when the town-owned theatre faced closure due to structural concerns.
The money was paid back from proceeds from showing movies at the theatre, staffed by volunteers.
Services manager Matt Lubbers assured McEachern the Norgan profits go into a separate reserve account to be put towards future capital work at the theatre.
The Norgan Theatre board is currently in the process of compiling a list of possible projects.
