The Concord Theatre (2018), Concord, NH

COMMUNITY IMPACT

The Concord Theatre project will receive $5.4 million in support to aid renovation of the South Main Street facility. The facility, to be run by the Capitol Center for the Arts, will offer smaller events and shows, special productions, and other events that are too small for its main performance space in the nearby Chubb Theatre. The theater facility is considered a distressed property, and it qualified for the New Markets Tax Credit program because it the rehabilitation will create at least five full-time jobs and will mean the reopening if an historic theatre and an integral asset of the city. – CEDEs Using NMTC (LMI Areas). CCA North Corp – Rehabilitation of the closed Concord Theatre that will allow it to once again be operational following decades of vacancy. – 5.5 (5 LIP) FTE jobs – 34 (25% of FTE construction will be residents of LIC within 50 mile radius.)construction jobs – patients served:Estimate of 36,900 individuals to be served of which 741 LIP. 1,810 free tickets will be given annually to LIP via project sponsor’s extended outreach program. – CBA: Yes. Catalytic Impact, community services provided, contribution to new tax revenue – Project allows for the expansion of arts in Concord. It builds upon the goals of Concord’s 2030 Master Plan to preserve historic city structures. Projects like CCA North demonstrate MCD’s commitment to bringing investment to nonprofit groups which otherwise lack access to capital. CCA North Corp – Rehabilitation of the closed Concord Theatre that will allow it to once again be operational following decades of vacancy. – Project allows for the expansion of arts in Concord. It builds upon the goals of Concord’s 2030 Master Plan to preserve historic city structures. Projects like CCA North demonstrate MCD’s commitment to bringing investment to nonprofit groups which otherwise lack access to capital. CBA: Yes. Catalytic Impact, community services provided, contribution to new tax revenue

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The New Markets Tax Credit Coalition
1155 15th Street NW, Suite 400
Washington, DC 20005
202-393-5225

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