Port Hope, August 16, 2006 - The Capitol Theatre first opened its doors in the summer of 1930 and it has grown to become a symbol and landmark of our community's heritage. Today, the Capitol Arts Centre took another significant step forward to ensure that it will continue to be an intrinsic part of, not only the community's history, but its future.
The Capitol Theatre Heritage Foundation announced that Cameco Corporation is making a $300,000 donation toward securing the long-term future of the theatre. These funds will help eliminate the mortgage on the theatre, which in turn goes a long way to making theatre operations sustainable.
"From our perspective," said George Harvey, president of the Capitol Theatre Heritage Foundation, "this is about two institutions, both of whom are an integral part of our community's history, joining together to invest in the future. The Capitol Arts Centre is a key component in the culture and business of Port Hope and it is an arts and cultural centrepiece, not only for our residents, but for the thousands of tourists who visit Port Hope every year."
Bob Steane, vice-president, Cameco fuel services division, said, "The Capitol Arts Centre is a true asset in our community and we consider this an important investment, one that will benefit the entire community, culturally and economically." He added, "tourism is an important economic and employment generator in the local economy, as is our business, and the Capitol Arts Centre is essential to the long-term economic health of Port Hope."
"This is a major contribution to our future," said Mr. Harvey, adding that "Cameco has been a significant supporter of the Capitol for a number of years. The company provided funding during the initial redevelopment and has been an ongoing sponsor of programming at the arts centre and instrumental in our success." Mr. Harvey added that " in recognition of Cameco's role and collaboration, the Board of Directors of the Capitol Theatre Heritage Foundation will partner with them to create a new name for the Capitol Arts Centre, which will reflect both its history and its future".
