The Roane County Economic Development Foundation announced today the projects that will be funded with the money TVA donated on Monday (9/14/09) for the restoration of Roane County, Tennessee. (See the Princess Blog for a list of "approved" projects!)
The $1.7 million for the restoration of the Princess “complex” area in Downtown Harriman, could actually have been included in the promised $32 million that will be directed toward the Roane County school system, since the theater, and the two adjacent buildings, will become an Arts Education and Conferencing Center managed by Roane State Community College. However, it is important to highlight the Princess Project because this project will have a long lasting effect on the County’s educational system, and bring new life to Downtown Harriman area.

Most people think the Princess will become a “movie theater” again, which is far from the truth. True, there may be times a special movie, especially ones created by local movie makers and/or the arts departments of Roane State and the local high schools, is shown and premiered at the Princess Theater, but the truth is the primary purpose of the auditorium segment of the Arts Education and Conferencing Center “complex” (see area #3 in the photo above) will be for arts and event productions, large scale teleconferencing meetings, reunions and similar party and planning events, and live music.
Area #1 (in photo above) is slated to become a TV and radio station operated by the students of Roane State Community College. Area #2 will become part of the lobby of area #3, an area that will showcase art and memorabilia. Area #4 will be used as project related offices, teleconferencing management/control areas, and dressing areas for the various events, shows, and live music.
The result of such a “complex” will be the enhancement of arts education in the area which results in entertainment for the citizens of the area.
MORE INFORMATION AND A COMMENT FROM CHRIS MASON ON THE PRINCESS BLOG!
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This is the
This project is the type of long range visioneering that I wish Kingston had.
The Excrement May Have Hit The Fan
Something going on in Roane County.
(link...)
“The Princess Theater is set to receive a $1.7 million facelift courtesy of TVA.
Gary Baker could take ownership of the building for far less than that once the renovations are complete.
His 99-year lease with the city of Harriman gives him the option to buy the Princess. The most he would have to pay — $100,000.
The cost for Baker to lease the building is $1 per year. That amount increases to $2 during the second 20 years of the lease.
“It will be subleased to Roane State to be used for arts and education,” Baker said
The lease was prepared by Harriman attorney Bill Newcomb
Baker, Mason and Newcomb are all members of the Princess Theater Foundation.”
He’s going to lease it for $1 to $2, Harriman spends $1.7M of TVA rate payer money to fix it up, he subleases part of it to Roane State for who knows what, he has little or no skin in the game.
Man I never get in deals like this.