Loveland council to consider IMAX incentive agreement

LOVELAND — The Loveland City Council will consider Tuesday whether to approve an incentive agreement to bring an IMAX theater to the community.

The agreement would provide Metrolux Theaters with a $200,000 cash incentive and waiver of up to $50,000 in combined building permit and construction use taxes to incentivize the $3.5 million theater project.

The IMAX theater with a 70-foot screen would occupy a 7,000-square-foot renovation of the Metrolux 14 theaters at 6085 Sky Pond Drive in the Promenade Shops in Centerra. Two existing theaters would be converted to IMAX use. The new theater would…