Arts council to retain cafe income
It had been previously suggested that the income should go towards the repayment of the $173,252 interest-free loan dating back to 2003 when the council supported the restoration of the old theatre.
Cr Rhonda Hoban said although the repayment of the loan was not likely in the foreseeable future, it was in the council's interests to see the theatre remain open and operating.
“If the theatre were to fail and close, the debt would remain,” Cr Hoban said.
The loan is currently offset by rental income from the chemist shop, which is another tenant of the building.