Supporters of the Grand Theatre project told city commissioners the window of opportunity to apply for a $250,000 grant "is rapidly closing."
At least 50 supporters of the project showed up at Monday night's work session to hear Sheila White, executive director of Downtown Frankfort Inc., explain to commissioners that the city must make application for a Renaissance Kentucky/Main Street grant by Aug. 29 in order to meet the deadline.
"The bottom line is this money is going to go someplace," White said. "If we don't try, we won't get it."
White said plans call for the anticipated $250,000 in grant funds to be used to help purchase the property to convert the old Grand Theatre into a downtown community arts center.
Two public hearings were held in July by DFI to hear grant requests. Only two requests were made - one by Save the Grand Theatre Inc. and the other by First Baptist Church on Clinton Street which has some structural problems.
The city can only sponsor one project in its grant application. DFI members voted in favor of the Grand Theatre project because it meets the readiness criteria of the grant as well as other Renaissance requirements.