Subscribe to the NewsTheater Complex Planned for Downtown Bremerton
By Admin
Part of the continuing redevelopment of downtown Bremerton is this new 10 screen theater complex, parking facility, and 80 apartment complex planned for downtown. The city contributes in kind value of about $15 million and private investors about $30 million. The complex is scheduled to open in 2012.
A 10-screen movie theater is slated to be open in downtown Bremerton in time for the 2012 summer blockbuster season, according to James Blissett, one of four managing partners of See-Film LLC of Seattle.
Construction on the movie complex is expected begin in July, he said, and the construction timeline is explicitly designed to meet the summer blockbuster season, when The Phantom Menace in 3D could be ready for the big screen.
The company gave earnest money to Lorax Partners of Seattle on one of two building pads that are part of Bremerton’s construction of a parking garage on Park Avenue between Burwell and Fourth Streets.
Lorax plans to build up to 80 apartments on the other pad.
The proposed development is part of a continued effort to revitalize downtown Bremerton. The city’s contribution, including the value of the land and the labor city employees will do on the project, is in the neighborhood of $14 million to $15 million, said Gary Sexton, who is managing the project on contract. The city bonded about $2.7 million of that and bonded another $5.7 million against a 25-year contribution from the state, and received $2.6 million from the federal government’s Economic Development Administration.
Total cost of the overall project is expected to be about $30 million, said PJ Santos, partner at Lorax.
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