Project Budget
Woodward Opera House and Annex

Summarized Project Budget as of 12/31/07

Project Phase		Total Cost
Acquisition (1998 & 2000)
Woodward and Annex Buildings		$400,000.00
Phase 1		Complete
New Roof		$218,941.42
Phase 2		Complete
First Floor Retail & Building Stabilization		$542,512.41
Phase 3-1		Complete
Abatement Asbestos + Lead Based Paint + Repointing		$956,472.85
Phase 3-2		Complete
Abatement - Restore Windows		$402,300.60
Total Work Completed to Date (including Acquisition)		$2,520,227.28
Phase 4 - Theater will be operational when done.
Theater & New Rear Annex		$6,214,914.41
Equipment		$484,120.00
Phase 5
Complete Primary Annex Interior Work		$1,924,930.04
Equipment		$535,000.00
Phase 6
Restore - Rehabilitate Opera House 2nd Story & All Storefronts		$954,359.60
Phase 7
Complete Secondary Annex Interior Work		$743,322.12
Phase 8
Create Basement Retail/Arts Spaces + Exterior Areaways		$813,499.18
TOTAL PROJECT COST		$14,190,372.63