Total Project Income
| |
$ 36,445,595 |
in Private Pledges as of August 2006 |
| $ 3,372,000 |
in Public Pledges as August 2006 |
| $ 904,529 |
Interest |
| $ 800,000 |
Proceeds from Asset Sales |
| $ 3,000,000 |
required additional funding (State, Corporations, Foundation, and Individuals) |
|
| $44,522,124 |
Total Income |
Total Project Expenses
| |
$ 6,000,000 |
Endowment* |
| $ 2,000,000 |
Annual Fund Reserve* |
| $ 1,313,732 |
Pre-Construction & Fundraising Cost |
| $ 31,966,861 |
Total Construction Cost |
| $ 2,000,000 |
Add Alternates |
| $ 100,000 |
Finance Cost |
| $ 1,139,624 |
Interest Expenses |
|
| $44,520,217 |
Total Project Expenses |
*The Challenge by the four anonymous families required that we set aside $6,000,000 for an endowment and $2,000,000 for an operations reserve during the Capital Campaign pledge period.
Project Manager
Linbeck, Houston, Texas, Local Contact - Joe Lauer
Website: www.linbeck.com
Design Architect
David M. Schwarz Architectural Services, Washington, DC
Website: www.DMSAS.com
Exhibition Design
Storyline Studio, Seattle, WA
Website: www.storylinestudio.com
Economic Impact
Direct economic benefit estimated $4.14 million annually, $8.6 million indirect and induced economic impact, supporting 143 Jobs
Contacts
The Arts Partnership of Greater Spartanburg
|
H. Perry Mixter,
President and COO
V (864) 583-2776
F (864) 948-5353
This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
|
Jennifer Evins,
Project Chairman
V (864) 680-3630
F (864) 582-3719
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|
|
Chapman Cultural Center 