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NorShor Theatre renovation funding in order, ready for approval

Restore the NorShorThe city of Duluth announced in a news release today the restoration Duluth’s historic NorShor Theatre could begin before the end of 2015, with a grand reopening expected in mid 2017, now that the project has finalized its funding sources.

David Montgomery, Duluth’s chief administrative officer, shared details with the City Council during its Monday committee-of-the-whole meeting. He said none of the funding will come from property taxes.

The project’s $29.6 million renovation costs break down like this:

  • $7.1 million – State of Minnesota grants
  • $7.4 million – Historic tax credits
  • $2.3 million – Duluth Economic Development Authority building purchase
  • $1.6 million – DEDA financing
  • $4.5 million – Duluth Playhouse fundraising and storefront loan
  • $6.7 million – Sherman equity and new market tax credits

Final agreements will be brought to the DEDA for approval on Sept. 23, followed by a city council vote on Sept. 28.

Restoration of the NorShor, which originally opened as the Orpheum Theater vaudeville house in 1910, will be managed by Sherman Associates, a Minnesota real estate developer, and will include renovating the 750-seat theater, new utilities systems, accessible elevator and stairwell, a skywalk connection and a new stage. The 101-year-old Duluth Playhouse will operate the completed facility, which will host performances by the Minnesota Ballet, Duluth Superior Symphony Orchestra and other local organizations, as well as national acts.

According to the news release, “the new NorShor is expected to draw tens of thousands of people downtown on about 200 nights a year for entertainment, dining, shopping, lodging and more.”

5 Comments

ElPete

about 2 years ago

I feel as though I've read this promo at least once before. Does any one know what is different now compared to the last time the reopening was imminent?

ElPete

about 2 years ago

Just found the answer here: http://www.duluthnewstribune.com/news/3829391-city-final-norshor-funding-place It sounds as though the last piece of funding is ready which comes from the federal New Markets Tax Credit. It sounds like it may be referred to as the "new" Norshor yet also keeping the name spelling of Theatre with what could be a very important "re" distinction as appose to the more modern spelling of Theater with an "er". Or, perhaps I had a touch too much snark in my cereal this morning.

ElPete

about 2 years ago

With all of that money I sure hope they have the foresight to renovate with a deep energy retrofit.

Anna Tennis

about 2 years ago

My brain will read this article later, but my heart thinks it is incredible news.

Anna Tennis

about 2 years ago

Although, I do want to point out that I almost always read the word, "Federal," as "Feral," which usually changes the meaning of the sentence.

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