The city received $75,000 from Lafayette Gatling today on the lease payment for the Roanoke Rapids Theatre, Finance Director MeLinda Hite confirmed in an email.
The payment was received today at 1:30 p.m. by wire.
Consideration of the proposal to modify Lafayette Gatling’s payment on the Roanoke Rapids Theatre could come by next Tuesday’s city council work session.
City Manager Paul Sabiston said this morning negotiations with the Chicago businessman continue.
Sabiston announced following a closed session Thursday the city is discussing reducing the monthly payment from $98,000 to $75,000 from March 1 through October.
Following that period the payments would go back to the full amount in November and the difference would be caught up during that time.
Further details were not discussed following the announcement as the arrangements are still be negotiated.
The work session will be held at 5:15 p.m. in the first floor conference room of city hall.
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