Peekskill Officials to Vote on Paramount Negotiations with Red House Monday

The Peekskill Common Council is expected vote on a resolution authorizing city management to negotiate a lease with Red House Entertainment during Monday's meeting.

Posted by Rasheed Oluwa (Editor), March 11, 2013 at 12:02 pm

The Peekskill Common Council is expected to push forward with plans to negotiate a lease with Red House Entertainment for the Paramount Center of the Arts during Monday’s Common Council meeting.

Melanie Rener, a spokeswoman for the Common Council, said the Common Council will vote on a resolution authorizing city officials to move forward with negotiations during the meeting, which is expected to begin at 7:30 p.m. in city hall. City hall is located at 840 Main St. in Peekskill.

Red House Entertainment is one of three groups that submitted proposals to lease and manage the Paramount. The Tarrytown Music Hall and the Paramount Phoenix Group are the other two groups.

The Paramount ceased operations in October after its former management board failed to reach fundraising goals.

Red House Entertainment is made up Kurt Heitmann, Abigail Adams, Jonathan Close and Ray Wilson.

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sayitsnotsojack March 7, 2013 at 09:40 pm

Taxpayers hold on to your wallets this is going to be another hand out. These guys say they will not be able to reimburse the city for at least six months, and then maybe something. Once again the taxpayers are left paying for another subsidized project doesn't matter housing, youth programs, theaters just come to Peekskill and put out your hand.

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john basic March 8, 2013 at 04:27 am

I think most people agree that having the Paramount open is good for the city and the businesses in the city. I think having a vibrant downtown also increases property values. No one will just walk in and take over a place like the Paramount without some breaks to start up the business again. I think the plan is for the paramount in a fairly short time is to actally pay rent for the building or have some of the profits go to the city. I say lets give thema year and see how they do at that point.

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Joe Citizen March 8, 2013 at 07:07 pm

Now they are going to negotiate a lease? Why was the terms of the lease part of the bid process? So after all these months they are no closer today then they were when they started because if they can agree on terms the city is back a square one.

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jo March 11, 2013 at 02:38 pm

business as usual.. duh!!.. need to stop the inmates from running the asylum

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