SANDUSKY — Some point soon, a final number will be on the table. It will be the result of a high-stakes settlement in the surety bond claim made by the Sandusky State Theatre Board of Directors—a claim necessitated by a contractor’s failure to complete the reconstruction and repair of the historic venue on time and on budget.
Once that settlement is in place, officials will face the daunting task of bridging the gap. How much it will cost to finally open the doors depends on the surety bond company’s findings regarding the “guaranteed contract.”
The reality is stark: The shortfall could be in the millions. While it remains unclear exactly which sources can be tapped to make up the difference, the timeline is finally coming into focus. Once the funding is secured, it will take at least a year to finish the job.
“We estimate work to complete is 12 to 14 months,” said Colleen Shay Murray, a board member and spokeswoman for the board.
