“We’ve been working with these companies for two years on bringing a new theater to town,” said Tommy Kramer, executive director of the Durant Industrial Authority.
Team Durant will be presenting a resolution to the Durant City Council to establish a TIF (tax increment funding) for the theater."
The TIF does not involve any new taxes. It just relieves city taxes from the price of a theater ticket, to establish a fund to help the developer with the cost of building the new theater,” Kramer said. “If the mayor and city council approve the establishment of the TIF, the theater would be cleared to begin construction near Red River Ford, on the west side of Durant.”
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