The project is the refinance of the operating educational non-profit business venture known as Discovery World. Discovery World Ltd. was created through a merger of Discovery World and Pier Wisconsin in 2004. A function of the merger was the creation of state-of the art science educational facilities with an emphasis on marine based science along the Pier in Milwaukee. The newly constructed facility brings together a comprehensive line of programs in physics, engineering, general science and chemistry along with interactive learning opportunities such as public education programs, â€œhands-onâ€ exhibits, and curriculum based labs and workshops, interactive digital theaters and a live performance theater.
Redevelopment of a 113,300 SF historic, abandoned opera house built in 1908 into a state-of-the-art live entertainment venue, with additional rent-free office space for community non-profits.
The Deanwood Smokehouse will be a restaurant, music venue, bar and community gathering space for the neighborhood. Build community through teaching and enrichment activities, such as movie, video, theater, dance, and music productions, approximately a 6,800 square feet space.
The Adeline Wright-Graham Boys & Girls Club (Boys and Girls Club of Schenectady NY): The new location is expected to serve many as 300 children daily from the Hamilton Hill and Mont Pleasant neighborhoods, replacing the former building on Craig Street. Includes a theater as well. 62,000 SQUARE FEET, 481 students. ‘This much-needed new facility for the Boys & Girls Clubs of Schenectady will continue the transformation of the Hamilton Hill and Mont Pleasant neighborhoods and will ensure that these children have the educational, social, and economic opportunities that all New Yorkers deserve,’ Commissioner Visnauskas said. ‘We are grateful to our many community partners who have invested in the project and we look forward to seeing the kids enjoying the new facility when it is complete.’
Loew’s Kings Theatre (‘Loew’s’) was built in Brooklyn, New York, in 1929. It closed in 1977 after falling into disrepair. The complete historic renovation of Loew’s 3,200-seat theater includes the expansion of the stage house and operational areas, and increasing the theater’s size from 68,000 square feet to approximately 89,000 square feet. The theater’s auditorium and foyer will be retained, restored, and modernized allowing Loew’s to host 200 to 250 performances a year which will include concerts, dance, theater, comedy and other live shows. Located in a low-income community and distressed census tract of Brooklyn, Loew’s is the largest indoor theater in Brooklyn and serves as both a cultural hub and catalyst for economic growth along Flatbush Avenue and throughout Central Brooklyn.
American Conservatory Theater (A.C.T.) is a nonprofit theater company operating in San Francisco. A.C.T.’s performance, education, and outreach programs benefit over 250,000 people annually. Clearinghouse CDFI provided $14.6 million of NMTC allocation and $2.4 million of Historic Tax Credits for this $35.6 million project. A dilapidated and abandoned theater will be transformed into a vibrant performing arts and education center. Redevelopment will create 75 construction and permanent jobs. The new A.C.T. Theater will strengthen and inspire the diverse community in a severely distressed area of San Francisco.
The Bowery (‘Project’) is the adaptive reuse of 6 contiguous buildings located in the South Main Street Historic District in downtown Akron, OH. The Project will be comprised of 69 market rate apartments, 23 affordable (80% of AMI) apartments, 3,985 square feet of office space, and 36,051 square feet of commercial space. Transformation 5 historic buildings in downtown Akron, Ohio in a mixed use facility. Strategically located in the heart of the business district along the iconic Lock 4 arcade and adjacent to the famed Akron Civic Theater.
Living Rooms at the Border is a 13,469 square-foot mixed-use project in the historic heart of San Ysidro, a predominantly Latino community in the City of San Diego. This economic development project also contains 10 units of affordable housing and is less than one mile from the U.S.-Mexico Border and includes expansion space for Casa Familiar’s immigration services and the El K-Fe Barista Youth Training Program. The project also includes the restoration of Our Lady of Mount Carmel Church, built in 1927, and its transformation into the El Salon multi-media theatre performing space in partnership with Teatro MÃ¡scara MÃ¡gica. – Living Rooms at the Border NMTC Investment Fund LLC – CEDEs Using NMTC (LMI Persons and LMI Areas)
Built in 1891 for the First Regiment Militia, the Portland Armory is listed on the National Register of Historic Places and is the 2nd largest 19th century building in Portland, Oregon. Located in a rapidly developing area that has historically been a highly-distressed low income census tract, the structure had been underutilized and neglected for years. A broad coalition of project partners envisioned a historic rehabilitation of the unique building as a world class theater and community space, designed to achieve the U.S. Green Building Council’s coveted LEED Platinum designation for sustainable design. $36 million of New Markets Tax Credits were sourced, structured and closed to allow this architectural treasure to be restored as The Gerding Theater at the Armory, home of Portland Center Stage, the city’s premier theater group. The project also created Vera Katz Park, a new sliver park on the building’s north side, a cafe, regular tours, enhanced community outreach programs, and an open door policy to stay awhile at the Pearl District’s oldest, and newest, creative space.
The Pagedale Town Center is part of the 24:1 Community Initiative, a broad community development initiative in a 97% minority inner ring suburb of St. Louis, MO. The initiative is designed to unite 24 municipalities within the boundaries of the unaccredited Normandy School District with one collective vision: ‘Strong Communities, Engaged Families and Successful Children.’ Beyond Housing, the not-for-profit entity spearheading this initiative, has worked for years to build community trust, asking residents for input on what services and amenities their neighborhood needs. The Pagedale Town Center is the manifestation of that effort. To help Beyond Housing overcome a significant financing gap, Enterprise Financial CDE provided $8.5MM in New Markets Tax Credit (NMTC) financing to construct the 24,000 sq. ft. project, helping to transform a blighted street corner into a center of community activity. The project created 28 construction jobs, and will create an estimated 38 full-time jobs. Pagedale Town Center will also soon be home to a Federally Qualified Health Center (FQHC) for operation of a health clinic and St. Louis County Children Services Fund which provides funding for mental health services for children. Each addresses services previously missing from the community. These facilities are expected to be fully operational by early 2017. Additionally, the 24:1 Cinema opened in November, 2015 â€“ the first ever theatre of its kind in North St. Louis County. In its first year of operation, the cinema has drawn movie-goers far beyond expectations due to the high-demand first releases and ticket prices that are discounted as much as 20%. Furthermore, the cinema is primarily managed and staffed by local residents. To build on the success of this project, there are preliminary plans for a Pagedale Town Center II, featuring senior housing mixed with additional retail options. Continued momentum can be found through integrated projects such as a state-funded redesign of Page Avenue to make the area more pedestrian friendly alongside privately financed retail, a credit union and wealth accumulation center.