Due to delays, the project needs an extra $250 000.
Community advocate Rob Morey expected most of the cost to be covered by the Victorian Government, but highlighted an meeting on February 4 where community members can put forward fundraising ideas to make up the rest.
At the last meeting, Mr Morey said someone suggested a "progressive breakfast" which would take people to places in a bus such as The Big Strawberry for pancakes, Cafe 3641 for a latte, the golf club and one of Cobram's bakeries.
“We're looking for community ideas and volunteers to step forward to help with a fundraising drive,” he said.
The cinema fulfills the dreams of the Cobram youth, who in 2012, pushed for the cinema to be replaced after it burned down in 2010.
The previous cinema had been standing in Cobram since 1948, according to Mr Morey.
“Cobram is a cinema town,” he said.
“Many generations got enjoyment out of the last cinema and we hope many more generations will get the same out of this one.”
Most of the trades working on the build are locally sourced.
A public meeting will be held at Apex House in Terminus St at 6 pm on February 4 to discuss fundraising ideas and to tell the story of the cinema in Cobram.
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