The City Will Support Paramount Project If The Other Levels Of Government Will

The city is willing to pony up 300 thousand dollars for the restoration of the Paramount Theatre in King's Square but only if the project also gets funding from the other levels of government. The general manager of Uptown Saint John Peter Asimakos says they've done the number crunching.

He says they completed a business plan before Christmas that shows the profitability for the project in year 2 making it sustainable.
Even though the commitment from the city is only conditional, Asimakos says it sends a positive message to potential contributors.