Fillmore deal done, Montgomery officials say
After months of wrangling on the details, a deal has finally been reached on building a Fillmore Music Hall in downtown Silver Spring, Montgomery County officials said Thursday night.
The Lee Development Group, which has development ambitions in the area, will give Montgomery the $3.5 million property needed for the venue, which will be run by the entertainment concern Live Nation. The site will keep the J.C. Penney façade.
Maryland and Montgomery will each kick in $4 million to help pay for the hall, which the county will own. Officials said the state and county will get $1 million a year worth of direct and indirect financial benefits from taxes and rent from the project, and will have to pay about $355,000 annually to cover its borrowing.
Boosters said adding music gigs just across the street from the AFI Silver Theater will make the Colesville Road-area a potent entertainment draw. More on the fine print of the agreement when we see the details.
Posted by: subwayguy | November 13, 2009 8:55 AM | Report abuse
Posted by: elasticsynapse | November 13, 2009 11:06 AM | Report abuse
Posted by: member8 | November 13, 2009 11:13 AM | Report abuse
Posted by: crzytwnman | November 13, 2009 1:47 PM | Report abuse
The comments to this entry are closed.