The latest on the new proposed movie theater has taken a turn many people anticipated. Mr. Bonacio gets $3 million dollars in tax breaks or the deal to build the 11 screen theater and 2 floors of inexpensive office space is called off. Saratoga Springs , the County and School District need money, giving it away seems like a step backwards. The deal seems to benefit Bonacio and screw the 3 entities .Several posters to the article had some good points. “There are never 11 movies at a time that ANYONE wants to see. How about 2 screens with first run movies” said ‘myupstater’, “How about the first floor for parking, the theater on the 2nd floor and offices on the 3rd floor? Without the parking I wouldn't grant him the right to build” by native_saratogian, Joe F said “Neither a movie theater or "modern" downtown market is needed. What's next? Perhaps a mini Times Square or a Trump Tower . My survey says most people moved to the area to get away from this type of growth and continued increase in population” and “I'd like to see something more useful than a movie theatre in town. Perhaps a theatre like Proctors. Catching a show or concert in the midst of winter would be sweet.”.
Of course Mayor Johnson & Commissioner Franck are all for giving Mr. Bonacio all the tax breaks he wants. The attorney for Mr. Bonacio, Matt Jones estimates that $2.5 million in concession sales will generate needed sales tax unless he also wants us to give that income up for 10 years.
I stated before in previous post that the Mayor should move fast to have the zoning board institute the code that you must provide parking for either square feet or by a number of potential customers. We needed additional parking downtown and it seems we are creating businesses where we will be creating more of a mess than before.