Chenango River Theater Receives $235,000 To Pay Off Existing Debt
Published: February 6th, 2020

Chenango River Theater receives $235,000 to pay off existing debt The Chenango River Theater has been awarded $235,000 from a Chenango County based private foundation to pay off the existing mortgage on their building, as well as their outstanding Line of Credit. (Submitted Photo)

At Chenango River Theatre’s Winter Gala on Feb 1, long time Artistic and Managing Director Bill Lelbach surprised the crowd with an announcement that the company has been awarded $235,000 from a Chenango County based private foundation to pay off the existing mortgage on their building, as well as their outstanding Line of Credit.

Going forward, this award will save CRT $20,000 a year by eliminating existing monthly payments for both the mortgage and line of credit, and eliminates all long term debt for the theatre.

TO READ THE FULL STORY

The Evening Sun

Continue reading your article with a Premium Evesun Membership

View Membership Options



Comments