The Varsity Task Force pitched the first of three presentations as to how the GSB could potentially buy the former Varsity Theater,2412 Lincoln Way.

The pitch included the information that the building has remained dormant for the past year, not adding any appeal to the Campustown area.

The task force used examples as to why it would be a good idea for the GSB to look at the property, including a survey given last semester where results showed students wanting something to do other than going to bars and more activities for the under-21 crowd.

The plan so far, according to Liberal Arts and Sciences Sen. Anthony Maly, is to play two movies four nights per week.

The movies would play at 6:00, 7:00, 9:00 and 10:00 p.m., Thursday through Sunday.

There are two screens in the theater. One room has 400 seats and the other 200.

The group expects revenue to come from a full concession stand, the $1 admission charge and theater renting options.

The numbers on the presentations suggest that the 400 seat theater would be $600 to rent, and the 200 seat theater $300.

Tom Danielson, finance director, also suggested the possibility of allowing students to buy advertising time before programs begin.

The presentation figured in some annual expenses including leases, staff, programming, concessions and possible land taxes.

This fits into a Senate goal of rejuvenating Campustown, Danielson said.

Rejuvenating Campustown is a goal of the Ames City Council, GSB and City Council Liaison Paul Keppy said.

Keppy said that Ames City Council has set up a list of goals and tasks they have been working on.

The first was reminding students the 2010 census is important. Each student counted represents between $12,000 and $16,000, Keppy said.

Keppy listed several goals of council members. The council is planning on creating a community vision, promoting economic development and going green.

GSB Vice President Chandra Peterson has some goals of her own that she will be working on this semester.

Peterson said over break she put together the bylaws of the Campustown Action Association.

Peterson also mentioned goals for the Green Umbrella, including increasing membership and making it into a permanent organization.

Making the Second Annual Sustainability Symposium better than last year’s is also on Peterson’s list.

The Senate as a whole is down 11 members from last semester.

College Panhellenic Council Senator and Senate Public Relations Chair Chelsea Zigtema, resigned, allowing for John Schultz, business senator and student online director of the Iowa State Daily, to take over the position.

The Executive Cabinet is also down three members after a resignation, an internship opportunity and one member graduating.

The Cabinet positions will be filled at next week’s meeting.