The Real Deal New York

Sag Harbor Cinema fell $1.5M short of goal, but will continue to solicit donations

July 05, 2017 06:09PM

Despite the efforts of celebrity donors like Billy Joel and Martin Scorsese, the Sag Harbor Cinema restoration project fell $1.5 million short of its $6 million fundraising goal. But fundraising efforts will continue, according to the Sag Harbor Express. Originally, the partnership behind the $8 million project agreed to refund all donations if the $6 million goal was not met by July 1, but those plans were scrapped this week. Gerald Mallow, owner of the Main Street cinema that was ravaged by a December fire, received a $1 million down payment on the project on Wednesday[SHE]