The Fayetteville Flyer reports that TheatreSquared Artistic Director Bob Ford and Executive Director Martin Miller met with the Fayetteville Advertising & Promotion Committee Monday morning, asking for a $3.1 million match to the city’s pledged funding in the same amount as part of a five-year economic development plan, Fayetteville First.
The funding request is part of T2’s attempt to raise $18 million for the construction of a new facility at West Avenue and Spring Streets, across from the Walton Arts Center’s Nadine Baum Studios where the nonprofit professional theatre company currently leases space. More specifically, the Walton Family Foundation pledged an amount of $9 million in January for the new facility, contingent upon T2’s raising $18 million in a 2-to-1 match. That’s in addition to the $3.5 million the Foundation awarded to the company for the new theater’s design.
TheatreSquared expects construction to begin later this year, and projects opening in time to hold its 2019 season in the new facility.