Restoring a Theater Revitalizing a Community Restore Reimagine - - PowerPoint PPT Presentation

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Restoring a Theater Revitalizing a Community Restore Reimagine - - PowerPoint PPT Presentation

Oct 29, 2022 325 likes •560 views

Restoring a Theater Revitalizing a Community Restore Reimagine Revitalize The VISION is to RESTORE the theater to a style emulating its 1940s and 1950s heyday, and REIMAGINE the business operation as a 501 (c) (3) nonprofit arts

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Restoring a Theater Revitalizing a Community

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Restore • Reimagine • Revitalize

The VISION is to RESTORE the theater to a style emulating its 1940’s and 1950’s heyday, and REIMAGINE the business operation as a 501 (c) (3) nonprofit arts center. The MISSION of the Dunbar Theatre will be to present culturally significant performing, visual, and literary arts programs celebrating African American heritage, and provide creative and enrichment resources for the McAdams community.

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National Models

The Lyric Theater Lexington, KY The Howard Theatre Washington, DC

  • 500 seats
  • $400K budget

18th and Vine District/ Gem Theater

  • 500 seats
  • $2M budget

(including museum)

  • 700 seats
  • $600K budget

(goal)

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Architectural Design

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Architectural Design

Phase 1

BUILDING FEATURES

  • Estimated 340 fixed-seat theater

– 275 seats on the ground floor – 65 seats on mezzanine level – Possible small orchestra pit for live musical production

  • Expansion to incorporate box office and back-of-house spaces
  • Public concessions and restroom spaces

WHAT’S ON STAGE

  • Small-scale theatrical and music productions
  • Film and multi-media presentations
  • Community programs, recitals, and special events
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Architectural Design

Phases II & III

  • 150-180 seat black box theater
  • Education facilities
  • Public gallery and bookstore
  • Offices serving facility and local community
  • Café/soda fountain transforming the former drug store

building

  • On-site parking complemented by parking at the Dunbar

Learning Center site

  • Retail block along 9th Street to reinforce the commercial

corridor and provide revenue to the Arts Center

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Architectural Design

Phases I-III

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Development Costs

The projected capital cost of completing the Phase I is approximately $5,200,000 inclusive of construction, fit-out, and design soft costs:

Construction: $4,352,000 Fitout: $257,000 Design Costs: $595,900 Total: $5,204,900

Projected Annual Operating Budget Years 1-4: $373,000 - $405,000

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Project Timeline Highlights

2017 (Q3-Q4)

  • Engage fundraising

consultant

  • Launch capital

campaign

  • Begin design process

2018 (Q1)

  • Engage

PR/Communications consultant

  • Establish/engage
  • perating entity

2018 (Q4)

  • Begin construction

2020 (Q4)

  • Official opening &

launch activities

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The Market

Key Features of The Dunbar

Professional & community based work

African- American arts and culture McAdams location

Intimate, yet state-of-the art venue

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Core & Special Interest Audience Segments

McAdams Residents Cultural Event Attendees Young Professionals Community & Social Organizations

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Prospective Partners

The Kansas African American Museum Wichita State University Wichita Urban Professionals Mark Arts

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Governance & Infrastructure

  • The Dunbar will be fully leased to an independent

nonprofit or commercial arts and cultural organization that will maintain the mission of the Dunbar

  • Additional expertise will be contracted as consultants to

shepherd fundraising and outreach efforts during pre- development

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Operating Costs

$0 $100,000 $200,000 $300,000 $400,000 $500,000

Year 1 Year 2 Year 3 Year 4 Year 1 Year 2 Year 3 Year 4 Annual Net Surplus/Deficit

  • $12,437

$6,598 $5,705 $8,689 Gross Operating Expenses $373,160 $370,318 $390,042 $405,233 Gross Revenue $360,723 $376,916 $395,747 $413,922

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Fundraising

Capital Construction and Development

  • Past supporter of Dunbar Theatre redevelopment efforts

Kansas State Legislature

  • Past and current partner of POWER CDC

City of Wichita

  • Supporting charitable organizations, generally limited to building projects

J.E. and L.E. Mabee Foundation

  • Providing loans, grants, equity and technical assistance to a myriad of initiatives,

including “creative placemaking” supporting arts and culture Local Initiative Support Corporation (LISC)

  • Equity Investment

POWER CDC

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Fundraising

Programming & Operations

  • Supporting “exceptional and diverse artistic practice”

The McKnight Foundation

  • Provides grants in civic and arts areas, among others

Wichita Community Foundation

  • To be solicited to support discrete program initiatives

Wichita Aviation Industry

  • 24 hour online, fundraising event to rally community support

ICT – ART Day of Giving

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Establishing A Cultural District

  • Proximity
  • Building stock
  • History
  • Identity
  • Infrastructure
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Economic Impact

* (1 year of development, and 4 years of operation)

Direct Economic Impacts on WMSA Businesses and Workers over 5 years* Expenditures by Dunbar in WMSA $4,767,360 Expenditures by Dunbar Employees in WMSA $1,148,707 Expenditures by Patrons from WMSA in McAdams $190,295 Expenditures by Non-Local Patrons in McAdams $105,195 Total Dunbar Related WMSA Expenditures $6,211,558

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Economic Impact

Jobs Added to WMSA Economy Year 0

Development

29 Year 1

Operating

20 Year 2

Operating

Year 3

Operating

8 Year 4

Operating

2

TOTAL 59

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Restoring a Theater Revitalizing a Community

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