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Steamboat Springs, CO: Community Group Plans to Buy Chief Plaza 4

Posted on Friday, August 27th, 2010 and updated on Tuesday, September 25th, 2012 11:44 AM

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The Steamboat Today is reporting that the community group Friends of the Chief has entered into a purchase contract for the Carmike Chief Plaza 4 in Steamboat Springs, Colorado:

A community group working to create a downtown cultural venue took a major step in that direction this week.

A spokesman for Friends of the Chief confirmed Friday afternoon that the group has placed the Chief Plaza movie theater in downtown Steamboat Springs under a purchase contract.

“We’re very, very pleased about this,” Jim Cook said. “All of the members of our board will be kicking in for the short term to secure equity for a bridge loan” that would buy time for the community group to pursue a U.S. Department of Agriculture loan tailored to helping small communities acquire cultural centers.

Friends of the Chief member Towny Anderson said restoring the small multiplex to a cultural venue that would seat as many as 470 could establish a new gathering place for the community.

“It’s more than nostalgia,” Anderson said. “It’s like getting a piece of your Main Street back in community hands. It re-establishes what they call the village well.”

Click the Read link below to view the full article.

Carmike Cinemas currently operates the theater, and will continue to do so until its lease runs out in 2012.

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