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City moves to refinance [Roanoke Rapids] theater

The Roanoke Rapids Theatre has been a burden the past decade — eating about $1.8 million of the city’s budget annually — but city officials may have found relief. After weeks of discussions with Bank of America, the city is set to replace the current variable rate loan agreement, in which payments could change annually, with a fixed loan agreement.

Date Updated: 
Wednesday, April 5, 2017