Federal Way Performing Arts Center

Federal Way,
WA
(2017)

Federal Way Performing Arts Center

Construction of a performing arts center and meeting space.

Investment

NMTC Amount: $9,310,000
Total Project Cost: $20,200,250

IMPACT

45 FTE jobs
213 construction jobs

CDEs

Clearinghouse CDFI

Project Description

The Federal Way Performing Arts and Event Center (PAEC) is the essential first piece of a grand-scale plan to revitalize downtown Federal Way, WA.

Development of a new Town Center, which began with PAEC, also included a Native American Culinary Arts Institute and a mixture of office, retail, residential, and public space.

The new Federal Way Town Center created hundreds of jobs and provide critical services benefiting this low-income community. Now open, PAEC features a 700-seat theater and a large meeting space for arts, cultural, educational, and other community activities. Over 45 full-time jobs were created.

MAP

Address: 33325 Eighth Avenue South, Federal Way, WA 98063

Other Washington Projects

Omak Family Health Center

Omak,
WA
(2013)

Behavioral Health, Community, Dental Services, FQHCs, Healthcare, Rural

CDE(s): Grow America

Family Health Centers used $6.6M in NMTC financing for the relocation and expansion of its Medical clinic and Pharmacy.

The Jim Wiley Community Center

Seattle,
WA
(2006)

Boys and Girls Clubs, Community, FQHCs, Recreation, Youth and Families

CDE(s): Enterprise Community Partners

The Jim Wiley Community Center involved the acquisition and rehabilitation of a 22,000 sq. ft. community center located in the heart of the Greenbridge HOPE VI redevelopment in White Center,

AstaReal Technologies

Moses Lake,
WA
(2014)

Business Development, Manufacturing, Plastics and Chemicals, Rural

CDE(s): National Community Investment Fund

A new 59,000 square foot factory produces natural astaxanthin and began production July 2014, initially employing approximately 45 people.

Clark County Family YMCA

Vancouver,
WA
(2012)

Community, Daycare and Early Childhood, Recreation, YMCAs and YWCAs, Youth and Families

CDE(s): National Community Investment Fund, Wells Fargo

At the time this project was financed, Vancouver was home to the only YMCA facility in the state of Washington, and its impressive outreach efforts currently touched over 14,000 people