By Paul Doyle
Starting tomorrow, we have 43 days until December 31 to sell 50,000 shares of stock or we’re gone after a six and a half year run.. We need to sell about a thousand shares a day. We’ve made a good start but we have a ways to go. So think about us this Thanksgiving. We can’t imagine not making our initial goal, but you get your money back if we don’t.
People have asked what $50,000 buys. And the answer is the cinema stays open. We need to make up back bills, taxes and rent by December 31 or the landlord will evict us and turn the cinema into a storage unit. After that, we raise the rest of the money we need and the cinema continues to operate. We simply cannot operate any longer in this economy with a huge debt and no operating capital. So you have to decide whether you want a cinema in your neighborhood or not and whether it’s worth saving.
Thanks to the city’s arbitrary and still unexplained closure (they admitted it was a code issue not a safety issue: businesses are usually allowed to stay open while they do code compliance work. Four other larger cinemas don’t have sprinklers and they’re not closed), we’ve lost over $50,000. That’s a pretty deep hole to dig yourself out of. And counterproductive if they want us to put in $80,000 worth of sprinklers. But I digress. We have to do it. And we can with your help.
Columbia City Cinema is an RVP sponsor. Photo/do communications
- Columbia City Cinema Fights to Survive (11/1/10)
- Seattle’s Coolest Neighborhood Cinema Rides Again (4/14/10)
- Seattle’s Coolest Neighborhood Cinema Needs Your Help (4/3/10)
- Happy B-Day: Columbia City Cinema Celebrates 5 Years on the Scene (5/6/09)
- Rainier Valley Community Development Fund Steps in to Save Columbia City Cinema (5/1/09)