The Future is Right Around the Corner · Fox Tucson Theatre New Performing Arts Center

Page 1


NEW

PERFORMING ARTS CENTER

Future is Right Around the Corner Campaign Budget Property & Construction

Campaign, Strategic Reserves & Endowment

Total Project Costs

Anticipated Start Date

Property Acquisition

$2,740,000

-

$2,740,000

Dec-22

Financing

$658,500

-

$658,500

Dec-22

Architectural, Engineering, Planning & Technical

$1,487,500

-

$1,487,500

Feb-23

Demolition, Preservation & Historic Integration

$1,200,000

-

$1,200,000

Mar-24

Construction

$11,285,500

-

$11,285,500

Jun-24

Marquee, FFE, Interiors & Technology

$2,094,000

-

$2,094,000

Jan-25

Contingency

$1,341,000

$83,500

$1,424,500

Historic Theatre Renovation Debt Retirement

-

$2,722,000

$2,722,000

Dec-22

Capital Campaign & Staffing

-

$1,721,000

$1,721,000

Jan-23

3 Year New Operations Allowance

-

$600,000

$600,000

Oct-25

Maintenance Reserve & Endowment Seed

-

$500,000

$500,000

Jan-26

$20,806,500

$5,626,500

$26,433,000 Current as of August 2023

| | | |


NEW

PERFORMING ARTS CENTER

Activities & Revenue Growth Projections 2019 Base Year

Projected by year 3 operations

% Growth

Annual Attendance

86,800

164,300

89%

Days of Use

132

319

141%

Ticket Sales

$2,853,000

$3,840,000

35%

Rental Fees

$200,000

$1,043,000

422%

Food, Beverage, Catering & Retail

$301,000

$3,165,000

951%

Net Operating Revenue

$75,000

$679,000

805%

Annual Sales Taxes Generated

$32,400

$308,000

850%

ANNUAL LOCAL ECONOMIC IMPACT*

$5,474,000

$12,062,000

120%

Expanded operation will substantially grow Fox annual net revenue, and more than double local economic impact.

Combined with the historic Fox, flexibility of proposed new space creates a signature, distinctive venue in the downtown Tucson core.

From the Operating Feasibility and Economic Impact Study conducted by Johnson Consulting. The study was commissioned by the Fox and included market, comparable facilities, demographic and economic characteristics analyses, local stakeholder meetings and interviews, and market performance projections. Current as of February 2023

| | | |


NEW

PERFORMING ARTS CENTER

Gift Chart Gift

# of Gifts Required

3-Year Pledge

Subtotal

Cumulative Total

$4,700,000

1

N/A

$4,700,000

$4,700,000

$4,000,000

1

$1,333,333

$4,000,000

$8,700,000

$2,000,000

1

$666,667

$2,000,000

$10,700,000

$1,500,000

1

$500,000

$1,500,000

$12,200,000

$1,000,000

3

$333,333

$3,000,000

$15,200,000

$750,000

3

$250,000

$2,250,000

$17,450,000

$500,000

5

$166,667

$2,500,000

$19,950,000

$250,000

4

$83,333

$1,000,000

$20,950,000

$150,000

8

$50,000

$1,200,000

$22,150,000

$90,000

8

$30,000

$720,000

$22,870,000

$75,000

8

$25,000

$600,000

$23,470,000

$60,000

12

$20,000

$720,000

$24,190,000

$45,000

15

$15,000

$675,000

$24,865,000

2

$30,000

20

$10,000

$600,000

$25,465,000

1

$15,000

26

$5,000

$390,000

$25,855,000

4

$7,500

30

$2,500

$225,000

$26,080,000

9

$3,000

51

$1,000

$153,000

$26,233,000

7

Under $3,000

Many

$200,000

$26,433,000

5

Totals

213

$26,433,000

$26,433,000

22%

Secured!

1

3

Current as of August 2023

| | | |


NEW

PERFORMING ARTS CENTER

Potential Naming Opportunities Add your name to the future of the performing arts at the heart of downtown Tucson Gift

Legacy Naming Opportunities

$4,000,000 (1)

Performing Arts Center

$2,000,000 (1)

Historic Auditorium

$1,500,000 (1)

Studio Theatre & Event Hall, 2nd Floor

$1,000,000 (3)

Rooftop Stone/Congress Atrium Foyer Historic Stage

$750,000 (3)

Central Assembly Hall Grand Staircase Historic Loveseat Mezzanine

$500,000 (5)

Historic Balcony Guest Elevator Catering Kitchen 2nd Floor Lobby Congress Street Terrace

$250,000 (4)

Gift Shop Historic VIP Lounge Mezzanine Bar Historic Entry Patio

$150,000 (8)

Green Rooms (2) Restrooms (3) Transition Gallery Hospitality Elevator Concierge Station

$90,000 - $3,000

Multiple interior naming opportunities including ticket windows, gallery wall & display cases, steps, bar stools, and listings on donor wall

Current as of July 2023. All opportunities are pending final building design. Naming opportunities, unless otherwise negotiated, will be subject to a review in 25 years. Naming opportunities will be offered to multiple donors and are available on a first come first served basis.

| | | |


NEW

PERFORMING ARTS CENTER

Future is Right Around the Corner Campaign Leadership Fox Board of Directors Jennifer Chenault Brent Davis Sherry Downer Bruce Dusenberry Frank Filipo Michael Heisler Marta Holl Neil Holstad Paul Lindsey Nancy March

Andy McWhirter Andrew Meshel Catherene Morton Steven Pope Thomas Robertson Terence Rudkin JoAnn Sabbagh Terri Saint Pierre David Volk

Ambassadors Rob Elias Tucson Hispanic Chamber of Commerce

Campaign Cabinet Neal Cash Brent Davis Bruce Dusenberry Lynne Wood Dusenberry Norma Gentry Michael Heisler Paul Lindsey Nancy March Catherene Morton Mary Beth Radke Neelam Sethi Chandler Warden Bert W. Martin Foundation

Michael Guyman Tucson Metro Chamber of Commerce

Leadership Team Bonnie Schock Fox Executive Director

Larry Hecker Hecker Pew PLLC Jan Lesher Pima County Administrator Lisa Lovallo Cox Communications David Lyons National Bank of Arizona Patrick McWhorter Arizona Citizens for the Arts

Jonathon Crider Fox Director of External Relations Laura Alexander Lana Baldwin Phoebe Chalk-Wadsworth Capital Campaign Counsel Alexander|Carrillo

Ron and Patricia Schwabe Peach Properties Keri Silvyn Lazarus & Silvyn PCC

Phil Swaim Michael Becherer Swaim & Associates Current as of February 2023

| | | |


Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.