Advertisement

City has yet to back movie loan

August 29, 1997

The Washington County Commissioners and Hagerstown's City Council haven't officially voted yet to back a loan for the movie "Gods and Generals," officials said Thursday.

The commissioners are expected to pledge up to $250,000 in a match and the council to pledge $50,000 to help guarantee a $500,000 bank loan for preproduction costs.

Farmers & Merchants Bank and Trust will provide the $500,000 line of credit, but the loan must be guaranteed in case the movie isn't made.

Commissioners President Gregory I. Snook said details still have to be worked out, but the commissioners had reached a consensus on the funding, with the exception of James R. Wade, who opposes the deal, at a closed meeting. Wade was not at that meeting.

Advertisement

Snook said the commissioners have had a few meetings in closed session to discuss the issue in the past several weeks because it is an economic development issue.

Mayor Robert E. Bruchey said the council unanimously agreed in a closed session to support the project.

The council is expected to formally approve the pledge at a late September meeting, Bruchey said.

The Herald-Mail Articles
|
|
|