Millwald Theatre Inc.

Wytheville,
VA
(2021)

Millwald Theatre Inc.

Community, Historic Rehabilitation, Theaters and Performing Arts Spaces

After years of planning, Millwald Theatre Inc. was given the go-ahead to begin construction thanks to NMTC financing.

Investment

NMTC Amount: $2,827,500
Total Project Cost: $5,000,000

IMPACT

13 FTE jobs
25 construction jobs
Rehabilitation of a vacant or under-utilized historic structure.

CDEs

Enhanced Capital

Investor

US Bank

An allocation financing the Millwald Theatre Inc. The facility operates as a theatre, cultural arts, and education center. The Millwald will support education for nearly 700 rural students (with that number growing each year), representing over 2,100 total student visits. It is anticipated 51% will be low-income students, and approximately 6% will be minority (based on student population statistics). The facility is expected to directly employ 7 full time equivalent (FTE) positions to support the daily operations of the facility and an additional 6 to 7 FTE equivalent employees for special events and performances.

“Our historic theater restoration will have a tremendous positive impact on our community. This is just not just a place to see performances but can provide a break in stresses we all have been dealing with theses last couple years. This offers a gathering place for enjoyment, bonding education and brings play, humor, and laughter to learning,” Wytheville Mayor Beth Taylor said.

https://swvatoday.com/community/article_f983f8a6-7826-11ed-89b8-c3c50019f293.html

MAP

Address: 272 West Main St, Wytheville, VA 24382

Census Tract: 51197050200

Other Virginia Projects

Winegar Medical Center

Duffield,
VA
(2008)

Behavioral Health, Community, Healthcare, Hospitals and Emergency Services

CDE(s): Hampton Roads Ventures

Development of 26,500 sq. ft. medical office building which has tripled the available physicians from two to six, provided a full-service state-of-the-art Outpatient Diagnostic Center, and a fully-equipped rehabilitation facility.

The CARITAS Center

Richmond,
VA
(2019)

Addiction Treatment, Adult Education, Affordable Housing, Behavioral Health, College or Vocational Training, Community, Healthcare, Housing, Mixed-use, Nonprofit Hub, Shelters and Community Food

CDE(s): National Trust Community Investment Corporation, Truist

The rehabilitation of the vacant Philip Morris Blended Leaf Complex in downtown Richmond, Virginia into a new headquarters for Congregations Around Richmond To Assure Shelter (CARITAS).

Jones Building Rehab

Suffolk,
VA
(2007)

Community, Healthcare, Machine Shops and Metal Fabrication, Retail

CDE(s): Truist

The Jones Building in Suffolk, VA originally housed four retail bays and a movie theater on the ground floor. A fire in the mid-1980’s nearly destroyed the building. The movie

River District Tower

DANVILLE,
VA
(2016)

Historic Rehabilitation, Housing, Mixed-use, Rural

CDE(s): Danville Virginia CDE

NMTC financing for River District Tower, a mixed-use project.