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Home My WebLink AboutPerforming Art Center - 2006 Report-Funding, Construction Cost, Pricing, etc.4 The Regional Performing Center Carmel, Indiana ®DAVID M. SCHWARZ/ RCIIIIECIt/RAL IERVICES. IK. DESIGN DEVELOPMENT - SOUTH ELEVATION The Regional Performing Arts Center is planned as the greatest performance venue in Indiana Center's goals: 1. Serve as a regional cultural venue for Central Indiana 2. Meet the facilities needs of local and regional arts organizations 3. Create a unique facility that addresses currently unmet space needs in the area 4. Meet world-class standards of acoustics and performance quality 5. Provide economic benefits for the Indianapolis area 2 The Performing Arts Center will include 2 main venues in 2 separate buildings 1. Concert Hall • 1,600 seats • Highest -quality acoustics • Will accommodate wide range of musical performances 2. Multi -Purpose Drama Theatre • 500 seats • Proscenium -style auditorium • Will accommodate drama, dance, musical performances Regional Performing Arts Center Concert Hall ■ 1,600 -seat dedicated concert hall ■ Designed by world-renowned architect, David M. Schwarz ■ Future home of Carmel Symphony, local groups, touring attractions 4 Concert Hall is intended to rank with the world's greatest music performance venues Grosser Musikvereinsaal, Vienna Concertgebouw, Amsterdam 11/4 '4(0;424.17,-,r+r Boston Symphony Hall •• 11•1 *oe: t7H2117,S4:-t-Lt - • - - ---- • • • • • ' jrt Carnegie Hall, New York Meyerson Symphony Concert and Congress Center, Dallas Center, Lucerne, Switzerland 5 The Concert Hall will be the first purpose-built concert hall in Indiana ❑ A primary goal is the highest -quality acoustics, ranking with the greatest concert halls in the world. To achieve this goal, the Concert Hall will include: • A traditional "shoebox" shape, with high ceilings and massive, sound -reflecting walls • A "single room" design that places performers and audience in the same space • A canopy system above the performance platform that allows • variable (adjustable) acoustics Surface detailing that creates sound reflections at different frequencies, enhancing reverberance • Audience seating behind the performance platform 6 The Regional Performing Arts Center will be a unique venue in the Indianapolis area o The 1,600 Seat Concert Hall will be one -of -a -kind in Indianapolis - and Indiana. The Concert Hall will be used for: Large musical ensembles that require natural acoustics - • Symphony orchestras • Solo performers and small ensembles • Choruses Other music performances of all kinds - • Full range of popular music • Country & Western, R&B, jazz, instrumental and vocal • School, college, university orchestras, bands, choruses Natural acoustic and amplified events o The location will have ample parking nearby. The Center addresses performance space needs of many Indianapolis and Indiana organizations ❑ The Regional Performing Arts Center will be the permanent home of a number of Indianapolis -based community arts groups that currently perform in Tess than suitable venues. ❑ Local programming will range from symphony concerts, pops performances, country & western, vocal recitals, dance and ballet, to children's theatre, family shows, community theatre, and touring productions. ❑ As the community's "living room," the Center will host major civic events, meetings, conferences, and private events like weddings, family reunions. ❑ The Center will be the major cultural resource for citizens and groups throughout Greater Indianapolis and Central Indiana. The first purpose-built venue in the Indianapolis area for international musical artists ❑ With the highest quality architectural design, performance accommodations, and acoustics, the Center will also present top regional, national, and international artists and ensembles. ❑ The Regional Performing Arts Center will become the performance venue of choice for every major classical and popular performing artist on the mid -America touring circuit. Guest orchestras like the New York Philharmonic, Vienna Philharmonic, and Boston Symphony Orchestra Touring solo artists like singers Renee Fleming and Liza Minnelli, cellist Yo -Yo Ma, violinist Joshua Bell 9 Carmel Performing Arts Center Theater s -e a sockar �n 0 D_ I11111111'111 ■ 500 -seat multi -use drama theater ✓ To be used by many local performing arts organizations 10 The Drama Theatre will meet a variety of needs Architectural renderings, Pedcor ❑ The 500 -seat Multi- purpose Theatre will be used for: • Drama theatre events • Children's theatre productions Dance, ballet performances • Smaller musical groups • Community groups 11 Leading national and local consultants have provided project planning and design services David M. Schwarz Architectural Services, Washington, DC Design Architect Artec Consultants Inc, New York Acoustics and Theatre Planning Consultants CSO, Indianapolis Architect of Record Shiel Sexton, Indianapolis Construction Manager Artec's Arts Resources International division, New York Project Feasibility Analysis Marks Paneth Strategy Group, New York Financial Operating Analysis Arts Consulting Group, Inc., New York Funding and Fund-raising Campaign Counsel Donnell Consultants, Inc., Tampa Project Cost Consultants H. Umbaugh & Company, Indianapolis Fiscal Advisors Barnes & Thornburg, Indianapolis Legal Advisors 12 Architect David M. Schwarz has designed the Concert Hall in classical architectural style DAVID M.4V WART! DESIGN DEVELOPMENT • SOUTH ELEVATION 13 The Concert Hall is modeled on Andrea Palladio's Villa "La Rotonda," built in 1550 near Vicenza, Italy, and still an architectural icon nearly 500 years later 14 The Regional Performing Arts Center will be funded through a public-private partnership ❑ Financing of the Center's design and construction will be in the form of a public-private partnership. ❑ The City of Carmel has taken the lead in issuing $80 million in bonds payable from taxes from new commercial developments in special Economic Development Districts. ❑ No residential taxes will be used in financing the Performing Arts Center's design and construction or ongoing funding. ❑ To augment public funding, the Center will also seek private - sector funding from corporations, foundations, and individuals, both for basic project costs and building enhancements. 15 Regional Performing Arts Center Project Cost and Campaign Goal Performing Arts Center Project Cost: Construction Cost - Concert Hall, Drama Theatre (DD)* FF&E, Fees, Other Expenses (25%)* Total, Building Project Cost Permanent Endowment Funds Pre -Opening Expenses and Operations Total Project Cost Funding and Fund Raising: $109,000,000 $27,300,000 $136,300,000 $10,000,000 $1,600,000 $147,900,000 City of Carmel Funding plus Interest on Bonds $90,000,000 CAMPAIGN GOAL $57,900,000 16 The Arts Center's Funding and Fund- raising Plan A private sector fund-raising campaign will be conducted to supplement public funds. • Additional private resources will be used to complete and enhance certain architectural and equipment elements that have been eliminated, reduced, or deferred. • Funds raised from private sources will also be used to create a permanent Endowment Fund to support the Center's ongoing annual operations and programming, and to maintain affordable rental costs for local user groups. • Privately raised funds will also cover the Center's campaign costs and pre -opening expenses until permanent staff is in place. 17 The City of Carmel will own the Center. A separate non-profit organization will operate it. The Carmel Performing Arts Foundation, Inc., a new 501(c) (3) organization, will accept tax-deductible annual fund and endowment contributions. CPAF will lease Center from City for $1 for 99 years. The City has no responsibility for operating shortfalls. The Foundation board of directors hires the Center's executive director, sets policy, raises annual operating funds and endowment. A self-perpetuating board is recruited from among civic, business, philanthropic, and government leaders. City of Carmel jLease-► 501(c)(3) Organization - Carmel Performing Arts Foundation, Inc. 1 Executive Director J 1 Center Staff - Operations, Marketing, Development, Finance 18 Spaces in the Performing Arts Center are available as Named Gift Opportunities To name A gift for construction of a minimum of ... (suggested amount) CONCERT HALL $25,000,000 DRAMA THEATRE 10,000,000 CONCERT HALL SPACES: Orchestra Level Main Lobby 5,000,000 East Lobby and Grand Stair 5,000,000 West Lobby and Grand Stair 5,000,000 Founders' Room 2,500,000 Lounge / Green Room 2,000,000 Office Space 2,000,000 Conductor's Dressing Room 1,500,000 Center Box Office 1,250,000 Multi -Function Room 1,250,000 Box Seats (6) 1,200,000 Box Seats (4) 1,000,000 Performance Platform 1,000,000 Driveway and West Entry 1,000,000 A list of other Named Gift Opportunities is available upon request. 19 Concert Hall Box Seats will have special amenities The Concert Hall in the Regional Performing Arts Center will include a number of prominently located Box Seats at various levels of the Auditorium. Seats in Boxes will be loose chairs, unlike the fixed seats elsewhere throughout the Hall. The Box Tier Level will include individual anterooms for each Box. The Founders Room is on this level. Box seats will also be located on the Main Floor Level and First and Second Balcony levels. 20 Concert Hall Box Seats will have permanent naming rights The Carmel Performing Arts Foundation, Inc. will acknowledge a certain number of gifts by naming Boxes in honor or in memory of individual or institutional donors or their designees. Permanent recognition of the Donor's name will be made at each Box entrance. Recognition will be in perpetuity. Donors of Box Seats will be offered advance notice of events and the right of first refusal to purchase series subscriptions and single tickets in their Box for events presented by The Carmel Regional Performing Arts Center. Pledge payments may be made over a three- or four-year period, covering the Center's design and construction schedule, or longer if the donor requires. 21 Concert Hall Box Seats Seats per Box Box Location No. of Boxes Suggested Gift 8 Seats Box Tier Level 4 $1,500,000 6 Seats Box Tier Level 16 1,250,000 6 seats Main Floor Level - Orchestra Parterre 4 1,000,000 4 Seats Main Floor Level - Orchestra Parterre 14 750,000 4 Seats First Balcony Level 10 750,000 6 seats Second Balcony Level 10 600,000 22 A Great Center for a Great Region In future years, the Regional Performing Arts Center will make history as Central Indiana's venue of choice for leading international performers, local musicians and actors, supporting volunteers, students, schools, civic groups, families, corporations, and individuals. The Center will be widely recognized for the high quality of its architectural design, acoustical excellence, and performance and audience accommodations. The Center will bring significant benefits for the entire region's quality of life and lasting economic impact, helping to attract top-level companies and their creative leaders and employees. The Carmel Performing Arts Foundation now invites those individuals, companies, and foundations that have the interest, capability, and willingness to join in creating the Regional Performing Arts Center. In so doing, they will be helping Central Indiana to make history - as one the special places known to future generations for its outstanding contributions to the arts. 23 The Regional Performing Arts Center Carmel, Indiana Carmel Performing Arts Foundation, Inc. Post Office Box 4284 Carmel, Indiana 46082-4284 T: 317.660.3378 F: 317.660.3374 E: info@carmelpac.org W: www.carmelpac.org