Oireachtas Joint and Select Committees
Thursday, 29 March 2018
Public Accounts Committee
2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 15 - Galway Art House Cinema
Vote 33 - Arts, Heritage, Regional, Rural and Gaeltacht Affairs
9:00 am
Ms Katherine Licken:
No, it was to complete the project. We signed a heads of agreement on 23 November 2013. Under that agreement, Solas received further allocations of €400,000 from the Irish Film Board, €200,000 from Galway City Council and agreement that it would enter into a long-term arrangement with the cinema operator, Element Pictures, which would pay €750,000, which is the cost envisaged to finish the cinema. Solas also undertook at that point to privately raise a further €500,000. The total further funding anticipated at that point was €1.85 million, which was close to the overall shortfall.
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