The Stratford Playhouse will contain a visual arts gallery with a carefully curated collection of rotating local artists. Part of this space, as well as some outdoor art installations will celebrate the history of the American Shakespeare Festival and the wonderful people and productions it showcased.
Earlier projects were mired in the town council over mixed use of the property - there was a desire to add lodging on site for both visitors and staff. Our plan does not call for that type of mixed use. But beyond that, we aren’t shackled in any way by the existing theater or its footprint - we have the luxury of a blank canvas, and we can truly have a phoenix rising from the ashes of what came before.
We love the Market and want to help it grow bigger and better - Shakesbeer and other events as well. We are even interested in exploring permanent “stalls” for vendors to operate out of during the market, as part of the build out of the Globe plaza and other out buildings. We could even potentially provide semi- heated and cooled spaces to make the market comfortable year round.
The American Globe Center plan IS expensive, but there will be ZERO cost to the taxpayers. Here’s the plan:
Step 1 - Traditional Investors - We’re using investors, like a for-profit business, rather than donors, like many non-profits. We have several arts industry investors ready to get involved - more about that in question 2 below. These investors will provide roughly 40% of the needed funding.
Step 2 - Institutional Investors- these investors will be compensated via the New Markets Tax Credit Program (NMTC), which is like a federal government coupon system: If you invest money in certain underprivileged areas, the government gives you a discount on your taxes as a thank-you for helping those communities grow.
Step 3 - Financing - we would take a construction loan which would pivot into a commercial mortgage
These are great questions and we’ll be bringing in civic planning experts to assist in making this as minimal an issue as possible - but here are a few ideas.
We will not need town police on site - we are happy to provide security as needed, and that can include the park proper. The park will be OPEN at all times, and since the Hepburn Black Box and Selby Pond Amphitheater will be available to the community for use, we will staff with appropriate security and crowd management teams.