| Reference Number :- | 2269 |
| Date :- | 2013/03/22 |
| Decision Maker :- | Cabinet |
| Subject to Call-in :- | Yes |
| Subject of Decision :- | Proposed Cinema Facility at the PrincesTheatre |
| Decision :- | that: (a) the Corporate Director (Life Opportunities), in consultation with the Housing, Benefits and Revenues and Sports Facilities Portfolio Holder and the Tourism Portfolio Holder be authorised to extend use of the Princes Theatre to incorporate a Cinema but no financial commitment will be initiated until the current commercial discussions between Gala and a third party are resolved; (b) the capital outlay of £50,000, if needed, be funded from the Asset Refurbishment/Replacement Reserve with the opportunity to repay net surpluses from the project to this reserve on a repayment basis; (c) any further investment and development in the facility, as set out in the report and business plan, be delegated to the Corporate Director (Life Opportunities), in consultation with the Housing, Benefits and Revenues and Sport Facilities Portfolio Holder and the Finance and Asset Management Portfolio Holder; (d) the business case for the Princes Theatre cinema proposal be approved; and (e) Officers write to Gala requesting that the Council be kept informed of the outcome of those third party discussions. |
| Reason for Decision :- | Having considered the proposal and the business plan. |
| Alternative Options Considered :- | None. |
| Conflicts of Interest Delared (and Dispensations Granted by the Monitoring Officer) :- | None. |
| Contact Officer :- | Leisure Manager - Mike Carran |
| Decision to Take Effect at end of :- | 2013/03/29 |
| Attachments :- | A8 Report Cinema in the Princes Theatre (100K/bytes) |