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Chapel Hill’s Varsity Theatre reaches $50K fundraising goal

Varsity Theatre co-owner Paul Shareshian, center, shows visitors the main theater of the Franklin Street venue in this file photo during the 2009 refurbishing.
Varsity Theatre co-owner Paul Shareshian, center, shows visitors the main theater of the Franklin Street venue in this file photo during the 2009 refurbishing. hlynch@newsobserver.com

The Varsity Theatre has met its $50,00 Kickstarter campaign goal, a month ahead of the deadline.

“Even though we have reached our funding goal of $50,000, the KickStarter campaign will continue until February 15th,” owners Paul and Susan Shareshian said on their “Go Digital or Go Dark” fundraising website.

The money will convert the smaller of the Franklin Street moviehouse’s two theaters (138 seats) to digital production equipment to play today’s movies. Money raised past the $50,000 goal will go toward converting the larger theater (230 seats).

As of Friday, 774 people had pledged $51,486, with 30 days left in the campaign.

The Varsity was built in 1927. It was originally the Carolina Theater and then the Village Theater. The Varsity is among the oldest theaters in North Carolina.

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