Wells Fargo Bank donates towards Mammoth Site theater/lecture hall

HOT SPRINGS n Local Wells Fargo Bank President Daryl Krecji recently presented a $1,000 check to The Mammoth Site which will be used to help fund their planned new $1,264,000 theater/lecture hall.

The Mammoth Site Board of Directors has approved the completed design plans presented by the architectural firm of Lund Associates. The new theatre/lecture hall will cover 5,757 square feet and cost approximately $1,264,000. To date, The Mammoth Site has now raised almost $350,000 towards the project.

The preliminary designs for the new theater/lecture hall show a 110 seat capacity theatre that can be separated into two 55-seat theatres and/or lecture halls. One section will be used as the new orientation theatre for visitors. The other theatre will be used for: In-depth Black Hills Geology presentations, guest lectures by visiting scientists, distance learning classroom/lecture hall, and as an overflow orientation theatre.

A foyer area will also accommodate additional exhibits for visitors to view as they prepare to go on tour and be conducive to the flow of visitors and site.

Additional storage will be provided for Gift Shop merchandise next to the new theatre/lecture hall.

A new entrance into the Mammoth Site will be constructed and the bathrooms currently located outside the museum, will be enclosed and accessed from inside the gift shop area.

What are people saying about mortgages today:

Rates on 30-year mortgages edged down last week to a seven-month low. Mortgage-giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages fell to 6.3 percent, down slightly from 6.31 percent two weeks ago. It put rates at the lowest level since they were at 6.24 percent the first week of March.

Bank of Hawaii, Central Pacific Bank, Territorial Savings Bank and Wells Fargo Home Mortgages all cut their 30-year mortgage rates to 5.75 percent this week.

Most people think of a mortgage as a means to an end. After all, you buy a house, not a home loan. But a mortgage is much more than the path to homeownership. It is a financial instrument that must be managed, just like any other financial investment.