Robinson Grand Performing Arts Center

Clarksburg, WV (2017)

Robinson Grand Performing Arts Center

Arts, Community, Historic Rehabilitation, Historic Tax Credit, Rural, Theaters and Performing Arts Spaces

Rehabilitation of a historic theater into a modern performing arts and education center with seating for 950, 200 guest ballroom, and classrooms.

Investment

NMTC Amount: $20,000,000
Total Project Cost: $22,919,199

IMPACT

29 FTE jobs
100 construction jobs
Rehabilitation of a vacant or under-utilized historic structure.

CDEs

CAHEC, People Incorporated Financial Services

Investor

US Bank

Project Description

Robinson Grand Performing Arts Center – Rehabilitation of a historic theater into a modern performing arts and education center with seating for 950, 200 guest ballroom, and classrooms. This new community space was a catalyst of economic development and revitalization in downtown, as well as provide cultural and educational opportunities to residents of Clarksburg and the surrounding counties within north central West Virginia. The city will partner with the school district to provide educational programs that are typically only available in communities such as Morgantown, which is an hour from Clarksburg. At the time of the NMTC investment, CAHEC had invested in two Low-Income Housing Tax Credit (LIHTC) projects in Harrison County, WV.

MAP

Address: 444 West Pike Street, Clarksburg, WV 26301

Census Tract: 54033030300

Voices from the Community

The NMTC is a pivotal tool that seriously assists in economic development. From a creditors standpoint it reduces the risk in the investment of financing the project. From a developers standpoint the NMTC can be the triggering factor to make the overall a project move forward. The NMTC projects create growth in the economy, especially in distressed and underserved markets that are in dire need to investments. This types of economic development tools are critical to allow for future growth. MVB Community Development Corporation is fully supportive of the NMTC and has seen firsthand of how these types of credits can and will continue to foster growth.