Fairfield voters are deciding the fate of the community’s three-year-old Arts and Convention Center today. Construction cost-overruns saddled the facility with a four-and-a-half million debt.
After raising nearly one-million dollars, center director Rustin Lippincott says theater supporters are now asking voters to pledge part of Fairfield’s local option sales tax to pay off mortgage bonds.
“If the foreclosure happens, the theatre could go dark,” Lippincott says. “The decision to put forth this public-private partnership was to stay away from going bankrupt because of the four-million-dollar loan that is held by the local lending institution.”
If voters approve pledging the local option sales tax to the theater mortgage, the city of Fairfield will own the theater to be operated by a non-profit organization.