Sell to a private business and stop the bleeding.
The tax payers need a break to weather the times we are in and can't afford to become involved with any of the groups that will depend on tax subsidies.
I love the Paramount and have been here in Peekskill more than eighty years but none of the groups have the necessary finances to operate it. Officials shoul'd require any group coming in to have the finances to carry the load or be denied.
It can still be a draw for Downtown with private ownership and the city will be saving several hundred thousands when they do not need to maintain it besides realizing significant amount by selling it even if the City holds a mortgage.