Monday, May 25, 2015

Community Performing Arts Centre - Regroup

Port Theatre Society Project Hits Major 'Bump'

Port Theatre Society GM Bruce Halliday and the President of the society gave council a brief update on the status of their fundraising efforts to make the performing arts centre a reality.

In what came as a big surprise and major disappointment the Society  has suffered a setback when a major sponsor fell through. The Society has withdrawn an application for Heritage Canada funding (?) which will allow them to reapply at a future date. They are hopeful that a consortium of local business people will be able to help put the funding together.

The project got the approval from previous city council to provide $4.6 million in funding for the project dependent upon the Society securing $8 million in funding from other sources. The city also signed a line of credit for $2 million for the society to use, but it was reported none of those funds have been used at this point.


No comments:

Post a Comment

Your comment will appear after moderation before publishing,

Thank you for your comments.Any comment that could be considered slanderous or includes unacceptable language will be removed.

Thank you for participating and making your opinions known.