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JOE: A mutual
friend mentioned Richard to me. He said that we probably would have a lot of
interests we could share.
HATTIE: (Voiceover)
Joe ran his own architectural firm in New York City.
JOE: We started
talking. He just said to me, `You know, I've been thinking about a piece of
land behind the building I own in the middle of Great Barrington, and I don't
know if you'd have any interest in it.' And, yes, this is the exactly the kind
of land that makes sense to me to have -- a big, underutilized, underdeveloped
piece of land.
RICHARD: And at the
same time, I was aware, having been in the hair salon business, of how malls
operated, and what was the real virtue of a mall. There was a critical mass
there. There was an overall identity. And I started thinking about, `Well,
that's really what a town is all about, a small downtown.'
JOE: It took us a
long time to figure out what to do here. We thought we'd have a marketplace
downtown. And we worked with all kinds of merchants, trying to get them to do a
cooperative market. And it just didn't pan out.
RICHARD: And I
guess it was Joe that came up with the idea, `How about a movie theater?' I
said, `A movie theater? Do we really want to run a movie theater? What do we
know about it?' Well, we started working on it, and Joe did a lot of the early
numbers work; show by show we tried to figure out how many people would come
and what our gross would be. and then, you know, started adding expenses up.
HATTIE: What did
you do, stand out in front of the competitor down the road and count how many
people were walking in every night?
RICHARD: We
guessed. We really guessed. We didn't talk to anybody.
HATTIE: Oh, my
gosh.
RICHARD: So we got
all of our financing together. The local banks were great. They worked with us.
HATTIE: But that
happened because you've already been successful with the front building. You've
made a hit out of that, you've cleaned up that front street. You've built this
parking lot, and the bankers said, `OK, the reason I think this is an
interesting place to stop is somebody's sitting here saying, `I want to build
something. I want to do something. How do I convince the bankers?'
RICHARD: The way
you go to any bank, or any funding source, is with a business plan. And we had
a reasonable business plan. We had even built a model of what we were going to
do. And I think the bank wanted to revitalize the downtown. This had gone from
a strictly second home community to more and more people moving up here and
doing business out of this area.
HATTIE: Like you
and like Joe.
RICHARD: Exactly.
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