Capital Improvements Program FY 2015 - 2024
City of Greensboro
2015-2024 Capital Improvements Program
ACCOUNT NUMBER 527-7501-01
RESULT AREA
PROGRAM Coliseum Capital Improvements DISTRICT 1
DEPARTMENT Infrastructure
Tracking#
321
War Memorial Coliseum
PROJECT TITLE New Performing Arts Center
TYPE REQUEST New
PROJECTED START
PROJECTED COMPLETION
Winter 2015
Summer 2016
PROJECT DESCRIPTION The Greensboro Performing Arts Center is a new performing arts theatre facility planned to replace the aging War Memorial Auditorium. This facility will be built in downtown Greensboro . It is currently proposed at 3000 seats with a downsizing curtain to create a 1500 seating set-up for Symphony and smaller events. The facility would meet the needs of all area arts groups, national touring Broadway plays and major concert and family show theatre tours.
Approved Funding: Estimated Budget: BUDGET INFORMATION
BUDGET COMMENTS
$65,000,000 $53,500,000
The $65 million figure represents current commitments to building a performing arts center (e.g. $35 million committed in donations and $30 million committed by the Greensboro City Council). The current estimated total cost of $65 million includes $11.5 million in land costs from FY 13-14.
Expenses
Fiscal Year
Planning/Design
Land
Construction
Equipment
Fiscal Year Total
14 15 -
0
0
33,500,000
0
33,500,000
15 16 -
0
0
20,000,000
0
20,000,000
16 17 -
0
0
0
0
0
17 18 -
0
0
0
0
0
18 19 -
0
0
0
0
0
19 24 -
0
0
0
0
0
Total
0
0
53,500,000
0
53,500,000
Revenue
Fiscal Year 14 15 - 15 16 - 16 17 - 17 18 - 18 19 - 19 24 -
General Fund
Enterprise Fund
Grants
Authorized Bonds
Unauthorized Bonds
Unauthorized Bonds 2
Revenue Bonds
Other Revenue
Fiscal Year Total 33,500,000
0
0
15,000,000
0
0
0
0
18,500,000
0
0
20,000,000
0
0
0
0
0
20,000,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Total
0
0
35,000,000
0
0
0
0
18,500,000
53,500,000
Operating Impact
Maintenance Operations
Fiscal Year
Personnel
Capital Outlay
Revenues
Fiscal Year Total
- 14 15 - 15 16 - 16 17 - 17 18 - 18 19 - 19 24
0
0
0
0
0
288,000
100,000
0
0
388,000
288,000
100,000
0
0
388,000
288,000
100,000
0
0
388,000
288,000
100,000
0
0
388,000
0
0
0
0
0
1,152,000
400,000
0
0
1,552,000
Total
156
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