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Clarification of theater financing

This is to clarify John Rankin’s statement last week in reference to the Kramers inability to secure financing for updating the theater 35mm equipment to digital equipment.

I did not try to secure financing for the conversion, which is costly as well as necessary building updates to facilitate digital equipment.

The financial sense of using from my savings, or securing a mortgage, which there would be little possibility of my outliving the obligation, does not register for me. I am over 75 years old, a cancer survivor of almost three years, my husband died two years ago and my family are raising teen and preteen children.

It is time for new blood to spend the time and effort to keep it open. I am willing to help however able but I need to retire for my own health.

See you at the movies!

Dora L. Kramer, Ritzville

 

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