In council chambers filled with supporters, Barrie City Council voted Yes to the Downtown Community Theatre (for details on the debate, see The Barrie Examiner article below). Thank you to everyone who took the time to send a letter – we heard from councillors that their boxes were filling up with support.
The final vote is next Monday night, 29 March. At that meeting, those opposed to the Theatre will have a chance to present to Council. By attending this one last vote, you can demonstrate that our community wants and needs this theatre. With a passing vote, construction will begin. Please attend on 29 March!
Lastly, please take a moment to thank City Council and MP Patrick Brown for their support of this essential project.
From The Barrie Examiner
Council approves theatre project
Posted By BOB BRUTON
The curtain is going up on Barrie’s new Downtown Community Theatre.
City councillors gave initial approval Monday to the $6.1-million facility, at the former Scotiabank building located at the Five Points.
But not before the theatre’s operating and fundraising plans were revamped, and some assurances on building costs were given.
“This facility needs a more self-sustaining funding model,” said downtown Coun. Jeff Lehman.
He introduced a plan to use volunteers at the theatre’s box office and concession stand, and reducing staff numbers to three from seven, to save $60,000 annually. Fundraising of $40,000 a year and adding a facility fee of $1.50 per ticket would raise an additional $20,000 annually.
These measures were approved, and could cut the annual operating costs from about $250,000 to $130,000.
“When the capital costs are paid off (in a decade), we will have a self-sustaining facility,” said Lehman.
Another control is that should capital costs increase, Barrie taxpayers will not have to foot the bill. Savings would have to be found elsewhere in the project, or elsewhere in the city’s capital budget.
The city will also sell naming rights for the theatre, and Coun. Michael Prowse wants it to be a minimum of $650,000.
“I hope it comes in at more than that,” he said. “We have to have a number.”
“Staff will be looking for the largest possible amount for the naming rights,” said Rudi Quammie Williams, the city’s culture director.
This facility needs to be built quickly, in order to qualify for $2.5 million in federal funding.
“The risk is being driven by the time line by the federal government,” said Lehman. “We have to get it done by March 31, 2011.”
“As long as the project is substantially complete, the (federal) money will remain in whole,” said Coun. Alex Nuttall.
Council has already approved funding, in its 2010 budget, to reconstruct the theatre at 1 and 5 Dunlop St. East, at the Five Points.
This new motion includes funding details — $2.9 million from the city, $2.5 million in federal Cultural Spaces program money — and that demolition of the former Scotiabank building be approved.
About $2.5 million of the city’s portion would be borrowed during a 10-year period, and the debt financing charges would be $732,778. The city’s portion could be reduced by the naming rights fees, and additional fundraising.
Planned fundraising of $600,000 during the next three years will offset the theatre’s capital costs.
The Downtown Community Theatre will have 175-plus seats in theatre configuration and as many as 300 seats in a banquet style setting.
It is expected to generate an economic spinoff of an estimated $4 million annually.
The Downtown Community Theatre is expected to be a key component of the area’s revitalization.
Final approval of the theatre project will be considered by city council March 29.
http://www.thebarrieexaminer.com/ArticleDisplay.aspx?e=2502738