New York State Spends $1.4 Million on an Old Movie Theater To Create 6 Jobs
Many subsidies for the film industry cost taxpayers more and create even less.
Nikhil Sridhar|Jun. 23, 2018 10:00 am
Caro / Sorge/NewscomCaro / Sorge/NewscomA New York state agency meant to foster economic growth says spending over $1 million dollars to rebuild an old movie theater in one of the state's richest counties will create a mere six jobs.
Unfortunately, when it comes to subsidizing movies—whether making them or showing them—that's pretty typical.
On Saturday, New York state officials participated in the groundbreaking for the Sag Harbor Cinema Arts Center. The center will reportedly "restore the Sag Harbor Cinema and preserve the showing of independent, foreign and documentary films on the East End of Long Island."
https://reason.com/blog/2018/06/23/show-biz-glitz-glamour-and-subsidies