Franklin Theatre grabs a lifeline

By Geert De Lombaerde Posted on January 6, 2009 at 8:56 pm

After a last-minute community fund-raising drive, the group trying to restore movies on Main Street can move forward with construction.

“Everyone should know their gift truly made the challenge a reality,” Pearce said. “We ended up needing every penny.”

Of the gifts, there are 24 major gifts of $10,000 or more that comprised $1.395 million of the total. Gifts less than $10,000 brought in 19% of the total raised or $324,500. The Martin Foundation, headed by Shannon Presley Martin and Charles N. Martin Jr., has certified the results and confirmed that their challenge was met. One of the last elements of the successful campaign was the sale of 200 theater seats at $2,500 each. The theater will have a total of 450 seats when completed.

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Tags: challenge grants, cinema, commercial real estate, downtown development, Franklin, fund-raising, The Heritage Foundation of Franklin and Williamson County, The Martin Foundation