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Pittsfield Council Forgives $2.5M in Beacon Cinema Debt

It wasn't really a difficult decision. But it is a wildly unpopular one late Tuesday night when the City Council approved by an 8-2 margin to forgive some $2.5 million in debt to the Beacon Cinema in order to help facilitate a sale of the historic downtown building. The former Kinnell and Kresge building was renovated in 2008 through a public-private partnership to the tune of $22.1 million. The financial package was specifically designed to take advantage of new market tax credits, which bro

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