Northern New York Newspapers
Watertown
Ogdensburg
Massena-Potsdam
Lowville
Carthage
Malone
NNY Business
NNY Living
NNY Ads
Thu., Aug. 21
SUBSCRIBE
Serving the communities of Massena and Potsdam, New York
Related Stories

City, theater owner disagree over loan

ARTICLE OPTIONS
A A
print this article
e-mail this article

OGDENSBURG - Projected job creation disagreements Monday led the Ogdensburg Growth Fund Development Corp. and the owner of a movie theater to part ways over how much he can borrow for improvements.

The city’s lending agency offered to loan Plattsburgh developer Gilbert J. Jones $60,000 instead the $100,000 he has asked for to install digital projection equipment for his twin-screen Ogdensburg Cinema I and II theaters at 219 Ford St. Both sums come with 3.25 percent interest rates payable over seven years.

Mr. Jones introduced a new set of terms after the meeting.

“I might consider $60,000 at zero percent interest in four years,” he said. “I’m not going to re-open it unless they consider my request.”

Connect with Us
DCO on FacebookWDT on Twitter