Setting the Stage
Restore the Woodward
Objectives: A Self Sustaining Project
Project Overview
Project Budget
The Economic Impact of Nonprofit Arts Organization and Their Audiences
The Economic Impact from Tourism Development
Case Studies on the Economic and Cultural Impact of Historic Theatres
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2008
The Woodward Development Corp.
TheWoodward.org is designed and maintained by Nubble Designs.
Project Budget
Woodward Opera House and Annex
Summarized Project Budget as of 6/30/06
| Project Phase | Total Cost | |
|---|---|---|
| Acquisition Woodward and Annex Buildings |
$400,000.00 | |
| Phase 1 Complete New Roof |
$218,941.42 | |
| Phase 2 Complete First Floor Retail |
$542,512.41 | |
| Completed to Date - as of 6/30/06 | $1,161,453.83 | |
| Phase 3-1 Abatement Underway Asbestos + Lead Based Paint + Repointing |
$956,472.85 | |
| Phase 3-2 Abatement - Restore Windows |
$402,300.60 | |
| Phase 4 Theater & New Rear Annex Theater will be operational when done. |
$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 |
