Denny Sanford and the city of Sioux Falls are coming to the rescue of the State Theatre.
The South Dakota billionaire and philanthropist and Sioux Falls Mayor Paul TenHaken during a Wednesday morning press conference announced that together, they’re dedicating $5 million to fund the restoration of the historic cinema in downtown Sioux Falls.
Sanford will gift $3.5 million while TenHaken, who hinted at potential financial support for the State Theatre in his State of the City Address last month, is committed to setting aside $1.5 million in city dollars for the project.
“They share my vision that this iconic gathering place be open every day for everybody in the community,” State Theatre President John Swedeen said of the city and Sanford.
This was just a snip from the actual story posted today by Joe Sneve and Trevor Mitchell of the Argus Leader. To read the rest of the story, please visit the link here!