Blacksburg's IMAX theater could mean more tax revenue - WSLS 10 NBC in Roanoke/Lynchburg Va

Blacksburg's IMAX theater could mean more tax revenue

Posted: Updated:
BLACKSBURG, VA -

9:38 p.m.

Blacksburg Town Council voted unanimously to rezone First & Main Shopping Center, so Cinebowl & IMAX can be built.

---

5:36 p.m.

An empty space is chalk full of potential in Blacksburg.  A vote tonight could have developers breaking ground on a new Imax, Cinebowl and Grille soon at the town's First and Main Shopping Center.

"We are hopefully going to have new customers, new connections coming in that will help increase sales," said Mark Shrader, who co-owns Bull and Bones Restaurant.

It is a place that's served as First and Main's anchor tenant for nearly five years. After Tuesday night's vote, which is to approve re-zoning,  Frank's Theaters will take that spot.

"All the shops here have helped out in many different ways in being anchor tenants, in being a destination.  Frank's is just going to add to that and it will add a regional pull for First and Main," said Shrader.

Town leaders say  in 2012, the complex's restaurants contributed around $325,000 in meals tax money and Bull and Bones contributed the most of that share. The developer's attorney claims in the past, when Frank's Theaters have opened in a new area, they have seen a significant increase in tax revenue.Town council member Krisha Chachra is the liaison between the town and the shopping center. She is hopeful the expected revenue increase will help pay for town improvements.

"Facilities such as you know the upgrading maybe of our Blacksburg Parks and Rec, a new Fire and Rescue station, maybe upgrading some of our trail systems and our green spaces. That all takes money and that money and those resources can come from new development," said Chachra.

Now if everything goes according to plan, this project is scheduled to be completed at the beginning of next year.

  • Accident on I-81N causes Labor Day travel headaches

    Accident on I-81N causes Labor Day travel headaches

    Monday, September 1 2014 6:35 PM EDT2014-09-01 22:35:44 GMT
    According to VDOT's 511Virginia.org website, an accident on Interstate 81 North near mile marker 96 is causing major traffic delays.
    According to VDOT's 511Virginia.org website, an accident on Interstate 81 North near mile marker 96 is causing major traffic delays.
  • 2-year-old girl dies in Roanoke after being left in van

    2-year-old girl dies in Roanoke after being left in van

    Monday, September 1 2014 4:45 PM EDT2014-09-01 20:45:01 GMT
    Roanoke City Police are investigating the incident surrounding the death of a 2-year-old girl. According to a news release from police, officers were called to the 1500 block of Kenwood Boulevard SE at 4:27 p.m. Sunday for an unresponsive child.
    Roanoke City Police are investigating the incident surrounding the death of a 2-year-old girl. According to a news release from police, officers were called to the 1500 block of Kenwood Boulevard SE at 4:27 p.m. Sunday for an unresponsive child.
  • Labor Day blood drive happening in Roanoke

    Labor Day blood drive happening in Roanoke

    Monday, September 1 2014 12:13 PM EDT2014-09-01 16:13:31 GMT
    A Labor Day blood drive is being held today in Roanoke.It's at the Historic Lawson Building at 401 Gainsboro Road, NW.
    A Labor Day blood drive is being held today in Roanoke.It's at the Historic Lawson Building at 401 Gainsboro Road, NW.
Powered by WorldNow

WSLS 10, P.O. Box 10
Roanoke, VA 24022-0010

Telephone: 540.981.9110
Fax: 540.343.3157
Email: news@wsls.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.