Renderings by Kilograph / Courtesy TheatreSquared
TheatreSquared is one step closer to opening their new theatre in Fayetteville. Or 9 million steps closer, depending on how you’re counting.
The non-profit organization today announced it received a $9 million commitment from the Walton Family Foundation for a grant toward construction of its future home at the corner of West Avenue and Spring Street in downtown Fayetteville.
“These significant commitments are an incredible affirmation of the path ahead,” T2 Executive Director Martin Miller said in a press release issued today.
The new funding is in addition to the $3.5 million T2 had already received from the Walton Family Foundation for design of the new facility. The new $9 million in funding will come as part of a 1:2 fundraising challenge toward the building’s construction.
The new 50,000 square-foot theatre building, revealed late last year, is currently being designed by London-based theatre planners, CharcoalBlue, and New York-based Marvel Architects. The building will include two theaters, rehearsal space, offices, community space, dedicated guest artist apartments, a cafe/bar, and other amenities.
The foundation’s lead grants will set the stage for T2’s larger fundraising campaign that will enter the public phase this spring. T2 is currently working to finalize other commitments from public and private funders to help match the challenge from the Walton Foundation.
If all goes well, T2 will break ground on the new facility later this year. The new theatre will be located on land owned by the city of Fayetteville at the corner of West Ave. and Spring St., across the street from T2’s current location. The Fayetteville City Council voted to approve a 100-year lease on the .08 acre site in late 2016.
For more information about the project, visit ournextstage.org.