VC sales tax 102913Valley City, ND (KCSi-T.V. News Jul 9, 2013) — The Valley City/Barnes County Development Corporation has approved an outlay of $50,000 to establish a movie theater in Valley City.

Director Jennifer Feist says, “A movie theater is one of the critical core businesses a community really must have to be seen as a viable community similar to a recreational swimming pool and other amenities.

A number of parties have expressed interest, however, the investment is significant.

By making this contribution, the Corporation is optimistic one or more parties will step forward. The challenge will be twofold a) construction and b) operations. Our goal is to have a solid plan in place including private investments yet this year.”

She adds, the $50,000 community investment reinforces the Development Corporation’s commitment to growing the community.

She points out that funds can be used for any related project investments including leveraging the Bank of North Dakota’s Flex PACE Program, an interest reduction program.

The Bank of North Dakota will provide a maximum of $100,000 as a grant under Flex PACE.