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Park Theatre project now has green light
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The new year will seemingly bring new life to the Park Theatre restoration project after the city has received a new opinion from the state.“It is my understanding the Tennessee Comptroller of the Treasury has given its OK on this plan, provided we meet all the criteria the state puts in place,” said McMinnville Mayor Norman Rone. “I don’t know why they changed their minds, but they have.”In September, city officials voted to take the steps necessary to obtain 20-year bonds to finance renovation. Park Theatre Group members agreed to hire an architect to generate bid documents and sign a new lease requiring them to make the annual payments and purchase the property for $1 once the loan is repaid.The comptroller conducts audits of state and local government entities to ensure they are in compliance with the law.