Historic Theater Lands Regional Cities Funding

Posted: Updated:
The main performance space will seat 2,200 patrons. (rendering courtesy IEDC) The main performance space will seat 2,200 patrons. (rendering courtesy IEDC)
FORT WAYNE -

The Indiana Economic Development Corp. has approved $1 million in Regional Cities Initiative funding for the renovation of the historic Clyde Theatre in northeast Indiana. The project, which will cost more than $5 million, is expected to begin next month and be complete by early 2018.

Renovations to the 21,000 square-foot theater in Fort Wayne includes transforming the facility into a multi-use entertainment and events venue, while "preserving its unique features," according to the IEDC. It will feature a performance hall with a 2,200-person capacity and 6,000 square-foot, two-story art gallery.

"The Indiana Regional Cities Initiative is transforming our approach to economic development by increasing our focus on talent attraction, quality of place and collaboration," said IEDC President Elaine Bedel. "The revitalization of the Clyde Theatre will enhance the region's arts, culture and recreation, supporting northeast Indiana's efforts to attract and retain talent."

The Clyde Theatre was built in 1951 and operated as a cinema seating up to 1,800 patrons for more than 40 years. It has been vacant since the early 1990s. The renovation is being funded in part by Fort Wayne-based Sweetwater Sound Founder Chuck Surack and his wife, Lisa.

"The IEDC's support of the Clyde Theatre project is one more example of their vision and commitment to economic growth in Fort Wayne and northeast Indiana," said Surack. "We look forward to the theater having a major impact, both economic and cultural, on the Quimby Village area and southwest Fort Wayne."

  • Perspectives

    • Look What's Coming: Tax Reform!

      President Trump and Congress are focused on completing a tax bill prior to year-end. Unfortunately, their timing may require quick action to implement a tax strategy in 2017 that can take advantage of the 2018 changes. What's a taxpayer to do?

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Pacers Set For 'Major' Esports Announcement

      Pacers Sports & Entertainment is planning to Tuesday make what it calls a major announcement regarding the NBA 2K League. The organization is one of 17 NBA teams taking part in the inaugural season of the esports league, which is set to kick off in 2018.

    • Minnesota Company Planning $62M Fort Wayne Investment

      Plans for a nearly $62 million private, mixed-use development have been announced for the Fort Wayne riverfront. The seven-story project will be located next to Promenade Park, which is currently under construction and is one of the signature pieces of the downtown resurgence. Plans from Minnesota-based Continental Property Group include 150 apartments, 20,000 square-feet of retail space and more than 1,000 parking spaces.

    • Anderson Losing 'The Nile'

      A Mediterranean restaurant in Anderson that has been around almost 30 years is closing. In a message on Facebook, the owners of The Nile say they will close "for good" December 23. The restaurant, which is run by Angele and Samir Naby opened in 1990, and bills itself as offering "A Journey of Taste." The message from the Nabys reads...

    • Hundreds of Jobs Planned in Indianapolis

      Delaware-based Sallie Mae (Nasdaq: SLM) is again growing its Indianapolis footprint. The company, which announced a nearly $16 million expansion mid-last year, says it will invest nearly $12 million and add 350 jobs within three years. The newest job commitment, the student loan provider says, will be "over and above" the nearly 280 it pledged last year. In an agreement published by the Indiana Economic Development Corp., Sallie Mae says...

    • The Human Side of Digital Transformation: Dealing With The Monkeys in Your Brain

      "It's not the strongest of the species that survives nor the most intelligent that survives. It's the most adaptable to change," said Charles Darwin. Throughout digital transformation discussions with executives (in and outside of IT), one of the most common conversations is the complexity and challenge surrounding change. Bottom line, change is hard, requires knowing yourself and embracing differences to continue growing your business. Are you ready?