Amherst College Provides Interest Rate Subsidy to Amherst Cinema Arts Center
Director of Media Relations
AMHERST, Mass. — Amherst College recently announced a gift of $75,000 to the nonprofit Amherst Cinema Arts Center. The funds are a subsidy to be used to lower the group’s cost of capital needed for the interior fit-out of the three-screen, state-of-the-art cinema planned for downtown Amherst.
Scheduled to open this fall, the Amherst Cinema Arts Center will have a full schedule of mainstream and independent films by award-winning artists as well as documentary films and film festivals from around the world. Anchoring a new multi-use complex on Amity Street, the Cinema Center will be a focal point for downtown Amherst, an educational resource, and a community gathering place.
“The town of Amherst is already a cultural destination for many,” says Anthony W. Marx, the president of Amherst College, “The Amherst Cinema Arts Center’s distinctive year-round programming will enhance the region’s cultural attractions and benefit the entire community.” Peter Shea, the treasurer of Amherst College, notes, “We’re especially happy to be able to provide this kind of financial support for the Amherst Cinema Arts Center at this critical early stage of its fund-raising.”
Carol Johnson, the president of the Amherst Cinema Arts Center, says, “We are grateful to Amherst College for this generous gift, which will be a great help in our important first year of operation.”
Visit the Amherst Cinema Arts Center website.