Is it Possible to Make the “Proposed” Event Center Profitable?

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It comes to no surprise that the Rocky Mount City Council votes to proceed with securing funds (including, but not limited to EB-5 and New Market Tax Credits) for funding of the “proposed” event center.

Surprising to the public was a motion by Councilman Tom Rogers, supported by the entire City Council, for a plan to exceed study projections and suggested the “proposed” event center must operate with profit.

The motion made by Rogers:

Initiating the NMTCs and EB-5 application process is the natural, next ...

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What’s up with New Market Tax Credits (NMTC)?

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Has the government cut the New Market Tax Credits by $5 billion?  Is this still a viable option to fund the “proposed” event center?

http://www.cdfifund.gov/news_events/CDFI-2014-07-CDFI_Fund_Amends_2013_2014_NOAA_for_the_NMTC_Program.asp

http://www.dailyprogress.com/newsvirginian/news/local/construction-halted-on-wayne-theatre/article_10e185d0-cce2-11e3-8c88-001a4bcf6878.html

http://www.newsleader.com/article/20140429/NEWS01/304290028/Wayne-Theater-renovations-halted

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Quid pro quo? – Audio of Rocky Mount City Council Meeting – April 28, 2014

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This audio provides great insight into the mindset of the Rocky Mount City Council.  Please take the time to listen to this audio.  Listed below are topic areas mentioned in the Rocky Mount City Council Meeting – April 28, 2014.

01:35 – Public comment

11:35 – Councilman Blackwell begins his comments

20:00 – Councilman Blackwell comments on Holding and Goodman investment

20:40 – Motion by Councilman Blackwell to instruct City Manager to spend pre-development funds for securing ...

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Rocky Mount Telegram Opposes the Proposed Event Center.

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The Rocky Mount Telegram does not “believe an event center is in the best interests of this community at this time.”

To read their editorial please go to: Event center not a good idea at this time

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Proposed Rocky Mount Event Center Financing

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On March 24th, the Rocky Mount City Council Committee of the Whole Meeting consisted of presentations by Davenport & Company, Bridget Chisholm with BWC Consulting and an attorney.  The presentation consisted of four (4) scenarios in a report titled Event Center Financing Discussion Materials.

In addition, please read the AECOM Rocky Mount Event ...

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How will you pay for the Event Center?

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How will you pay for the Event Center?

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Things to Consider with the City of Rocky Mount Proposed Event Center

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We encourage folks to read both the Rocky Mount Event Center Market Feasibility Study by AECOM and Frequently Asked Questions piece published by the City of Rocky Mount.  After reading we encourage folks to consider the positive and negative consequences of  building a facility of this magnitude.  The Community Council has a list of things to consider with ...

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Financing Options for the proposed Rocky Mount Event Center

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Rocky Mount City Manager, Charles Penny, will present financing options for the proposed Event Center at the 2:00 PM City Council of the Whole Meeting March 24, 2014.

Click here to add to your calendar

Announcement made during the February 24, 2014 City Council Meeting

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Wrong Time, Wrong Place, Maybe Wrong all the way Around?

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The proposed Downtown Event Center should be a concern to every citizen in the City of Rocky Mount, Nash and Edgecombe Counties.  Now is the time for each citizen to review the study and the proposal delivered by the AECOM consultants.  It appears our Rocky Mount Elected Officials have the project loaded on a train that is ready to leave the station.  We simply say, WAIT, Do Not Get in a Hurry and do what is right.  Educate ...

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Event Center – City of Rocky Mount Event Center Market/Feasibility Study

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The City of Rocky Mount has released the proposed Event Center Market/Feasibility Study by AECOM Technical Services, Inc (AECOM).

The following link is to the AECOM Technical Services, Inc (AECOM) presentation given to the Rocky Mount City Council Committee of the Whole December 9, 2013

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