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Tax breaks key to new Saratoga Springs cinema

Downtown theater hinges on IDA help

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A proposed downtown movie theater complex won’t go forward without tax breaks from the Saratoga County Industrial Development Agency, a project representative said Monday. “The thing that will turn the corner and make this [economically] feasible is the tax benefits from the IDA,” said Matthew Jones of Saratoga Springs, an attorney for project developer Sonny Bonacio. Jones made a presentation to the IDA board at a meeting in Halfmoon, and at the same meeting city ...

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July 10, 2012
11:21 a.m.

[ Flag Post ]

Call their bluff. Refuse to be shaken down. If it is a profitable business, it will be built without the welfare.

July 10, 2012
8:07 p.m.

[ Flag Post ]

I can't believe a theater on this scale will really work. And as for more office space (not to mention condominiums): are you kidding? We're saturated as it is. We've still got several new buildings still mostly untenanted on Phila, High Rock, and Railroad place (above the new Price Chopper—which I love). I think we need to think smaller and more tastefully. I admit it's a humble opinion, but I feel compelled to say it.