$50M Revitalization Plan Aims To Turn El Dorado into Cultural Mecca

by Michelle Corbet  on Monday, Aug. 25, 2014 12:00 am  

That’s when Terry Stewart, former president and CEO of the Rock & Roll Hall of Fame & Museum in Cleveland, was recruited to serve as chairman and CEO of the board of the nonprofit.

Through the friendships the executive committee had with Stewart, they were able to convince him to take a look at their plan to turn a depressed part of downtown into an artistic and entertaining economy booster.

The first thing Stewart did was validate the plan with a local and regional feasibility study.

The study found Arkansans and those of surrounding communities want a variety of entertainment from live music and theater to good restaurants and activities for young families.

Stewart said people don’t often realize the importance of the culinary arts and how dining out is becoming as much a part of the entertainment industry as performance.

Stewart’s fundraising goal is to establish an operating reserve and endowment. He also plans to take advantage of historic tax credits during construction.

With the El Dorado Promise, continuing infrastructure improvements and a plan for improved quality of life, El Dorado city leaders are hoping to attract the jobs they need to cultivate and sustain a steady population.

 

 

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