
Cinema Project Takes A Step
At a recent Macleay Valley Business Chamber meeting, attendees agreed to continue Chamber support for the Kempsey CBD Cinema project. While there have been changes to the structure of the funding model for the project, the Chamber continues to support the Cinema Project on the same principals that it will bring both social and economic benefits to our town. Kempsey Council’s media release “Cinema Funding Alternative” on the 22nd November announced that construction is due to go ahead for the project through a Voluntary Planning Agreement (VPA) which will remove ongoing risk away from Council. Once the draft VPA is completed it will be placed on public exhibition via Council's website. The Council contribution identified for this project comes from existing unrestricted reserve funding meaning there is no borrowing or…