Walton Arts Center Lobbies to Expand

by Chris Bahn  on Monday, Mar. 4, 2013 12:00 am  

Terri Trotter

$1.1 Million Yearly Impact

A study commissioned by the Walton Arts Center projects an additional 22,500 people will be drawn to the venue and Dickson Street. That would generate an additional $1.1 million per year in economic impact just for Fayetteville.

Because of the potential for bringing tax revenue into the city, the Walton Arts Center has called on the Fayetteville A&P Commission to help come up with $8.5 million in funding. On March 11 the A&P board will evaluate a proposal that would extend a bond issue in the city to help fund the expansion and generate money for the theater and two other projects in the city.

A&P Executive Director Marilyn Heifner is asking commissioners to consider backing the WAC expansion, plus plans for a regional park and permanent outdoor concert venue. Total cost for the project would be about $24 million, an amount that Heifner thinks can be raised through a voter-approved extension of a local hotel, motel and restaurant tax.

Funding from the A&P, which has never committed more than $500,000 to a single project, will be crucial in carrying out the expansion, Trotter said. Getting the $8.5 million would help kick-start the fundraising efforts and the vision to improve what the Walton Arts Center can offer.

Getting A&P approval is just the beginning, though. From there the bond issue would need to go before the city council, which would then turn it over to a vote of Fayetteville residents.

“It’s a huge campaign,” Trotter said. “It’s an exciting time for us.”

 

 

Please read our comments policy before commenting.
Search

Latest Arkansas Business Poll

Did the Fed make the right call on interest rates?