Monday, October 19, 2009

Community Theater Renovation

The Sacramento Community Theater has been in use for 35 years and has not upgraded since it’s opening in 1974. The Theater still hosts world-class events but a renovation is needed by adding additional restrooms, concessions, lobby space, and infrastructure to meet the needed of and expectations of today’s audiences and clients. On Tuesday the 20th, the City Council/Financing Authority will accept the current Community Center Theater Renovation Project conceptual design and issue a Request for Qualifications for architectural services to complete the design work. A contract for construction could begin as early as June 2011 and continue work through the summer. The Theater will remain open for each theatrical season (Sept. through June) but closed during the summer months with heavy construction taking place spreading construction over multiple years through the summer of 2014.

The Theater will be financed using bonds from future bonds issued by the City of Sacramento Financing Authority. Bond repayments will come from a $3.00 per ticket where approximately $1 million will go toward the bond payment of $3.7 million annually and the remaining $2.7 million coming from Transient Occupancy Tax and Convention Center User Fee proceeds.

The current renovation will re-configure some existing spaces and add approximately 15,000 new square feet to the building. The total costs of the project are estimated at $40 million with $34 million towards construction and $6 million for design costs.

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