Restoring a Theater Revitalizing a Community
Restore • Reimagine • Revitalize The VISION is to RESTORE the theater to a style emulating its 1940’s and 1950’s heyday, and REIMAGINE the business operation as a 501 (c) (3) nonprofit arts center. The MISSION of the Dunbar Theatre will be to present culturally significant performing, visual, and literary arts programs celebrating African American heritage, and provide creative and enrichment resources for the McAdams community.
National Models 18 th and Vine The Lyric Theater The Howard Theatre Lexington, KY District/ Gem Washington, DC Theater • • • 500 seats 700 seats 500 seats • • • $400K budget $600K budget $2M budget (goal) (including museum)
Architectural Design
Architectural Design Phase 1 BUILDING FEATURES • Estimated 340 fixed-seat theater – 275 seats on the ground floor – 65 seats on mezzanine level – Possible small orchestra pit for live musical production • Expansion to incorporate box office and back-of-house spaces • Public concessions and restroom spaces WHAT’S ON STAGE • Small-scale theatrical and music productions • Film and multi-media presentations • Community programs, recitals, and special events
Architectural Design Phases II & III • 150-180 seat black box theater • Education facilities • Public gallery and bookstore • Offices serving facility and local community • Café/soda fountain transforming the former drug store building • On-site parking complemented by parking at the Dunbar Learning Center site • Retail block along 9th Street to reinforce the commercial corridor and provide revenue to the Arts Center
Architectural Design Phases I-III
Development Costs The projected capital cost of completing the Phase I is approximately $5,200,000 inclusive of construction, fit-out, and design soft costs: Construction: $4,352,000 Fitout: $257,000 Design Costs: $595,900 Total: $5,204,900 Projected Annual Operating Budget Years 1-4: $373,000 - $405,000
Project Timeline Highlights 2020 (Q4) • Official opening & launch activities 2018 (Q4) • Begin construction 2018 (Q1) • Engage PR/Communications 2017 (Q3-Q4) consultant • Establish/engage • Engage fundraising operating entity consultant • Launch capital campaign • Begin design process
The Market Key Features of The Dunbar Intimate, yet McAdams state-of-the location art venue African- American arts and culture Professional & community based work
Core & Special Interest Audience Segments McAdams Cultural Event Residents Attendees Community & Young Social Professionals Organizations
Prospective Partners The Kansas African American Museum Wichita State University Wichita Urban Professionals Mark Arts
Governance & Infrastructure • The Dunbar will be fully leased to an independent nonprofit or commercial arts and cultural organization that will maintain the mission of the Dunbar • Additional expertise will be contracted as consultants to shepherd fundraising and outreach efforts during pre- development
Operating Costs Year 4 Year 3 Year 2 Year 1 $0 $100,000 $200,000 $300,000 $400,000 $500,000 Year 1 Year 2 Year 3 Year 4 Annual Net -$12,437 $6,598 $5,705 $8,689 Surplus/Deficit Gross Operating $373,160 $370,318 $390,042 $405,233 Expenses Gross Revenue $360,723 $376,916 $395,747 $413,922
Fundraising Capital Construction and Development Kansas State Legislature • Past supporter of Dunbar Theatre redevelopment efforts City of Wichita • Past and current partner of POWER CDC J.E. and L.E. Mabee Foundation • Supporting charitable organizations, generally limited to building projects Local Initiative Support Corporation (LISC) • Providing loans, grants, equity and technical assistance to a myriad of initiatives, including “creative placemaking ” supporting arts and culture POWER CDC • Equity Investment
Fundraising Programming & Operations The McKnight Foundation • Supporting “exceptional and diverse artistic practice” Wichita Community Foundation • Provides grants in civic and arts areas, among others Wichita Aviation Industry • To be solicited to support discrete program initiatives ICT – ART Day of Giving • 24 hour online, fundraising event to rally community support
Establishing A Cultural District • • Proximity Identity • • Building stock Infrastructure • History
Economic Impact Direct Economic Impacts on WMSA Businesses and Workers over 5 years* Expenditures by Dunbar in WMSA $4,767,360 Expenditures by Dunbar Employees in WMSA $1,148,707 Expenditures by Patrons from WMSA in McAdams $190,295 Expenditures by Non-Local Patrons in McAdams $105,195 Total Dunbar Related WMSA Expenditures $6,211,558 * (1 year of development, and 4 years of operation)
Economic Impact Jobs Added to WMSA Economy Year 0 29 Development Year 1 20 Operating Year 2 0 Operating Year 3 8 Operating Year 4 2 Operating TOTAL 59
Restoring a Theater Revitalizing a Community
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