GRAND JUNCTION, Colo. (KKCO) -- The Grand Junction City Council has postponed a vital decision for the future of the Avalon Theater.
On Wednesday, the council heard the Avalon Cornerstone Project's revised plan for the historic theater's renovation, which includes a new budget of $7.1 million.
In June 2012, council members voted to give $3.1 million to the transformation if the Downtown Development Authority donated $3 million and the Cornerstone Project raised $1 million.
Robin Brown, the development director for the Avalon Cornerstone Project, says both her group and the DDA have made their promised contribution.
During the late-night meeting on June 5, 2013, the newly elected city council members decided to hold off on making a decision about the funding. They needed more information about the business plan, according to City spokesperson Sam Rainguet.
Brown says council members thought the estimated number of paying events to be held after the renovation was too conservative, and they wanted that number revised.
The city council will revisit the decision in ten days.
The $7.1 million Phase 1 reconstruction includes improvements to the bathrooms and the addition of an elevator, according to Brown.
"The building is shuttered until it gets renovated," she says.