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Growth Fund approves loan for Ogdensburg Cinemas

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OGDENSBURG - The Ogdensburg Growth Fund Development Corp. agreed Wednesday to loan Plattsburgh developer Gilbert J. Jones $60,000 to upgrade his downtown cinema.

The city’s lending agency voted 6-0-1 to loan the money at no interest for two years and two percent annually for three years after that.

The money is for the purchase of digital projection equipment for Mr. Jones’s twin-screen Ogdensburg Cinema I and II theaters at 119 Ford St., which he closed last summer.

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