Electronic Gambling Approved for Landmark Theater
Roanoke Rapids officials have approved electronic gambling in a city-owned theater in hopes of luring a buyer for the troubled entertainment venue built as a job-creating tourist attraction.
The News & Observer of Raleigh reports Saturday (http://bit.ly/MrhT3l ) that city council agreed to allow gaming if the machines occupied no more than 10 percent of the theater. Returns are projected at up to $80,000 a year.
The theater's costing local taxpayers $1.7 million yearly in debt and operating costs.
The city borrowed $22 million in 2005 to build the Randy Parton Theater. It opened in 2007 featuring the brother of entertainer Dolly Parton, but that deal quickly soured. Parton left, and the facility was renamed the Roanoke Rapids Theatre.
The town still owes up to $17 million for the venture.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
Copyright 2012 by WCTI12. The Associated Press contributed to this report. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.