$8.5M New Markets Transaction
FINANCED |
|---|
February 2021 |
LOCATION |
Milwaukee, WI |
SQUARE FOOTAGE |
101,000 |
TOTAL PROJECT COST |
$7M |
INVESTOR |
US Bank |
NMTC ALLOCATEE |
Forward Community Investments |
MYAC recently showed off its internal expansion. To date, MYAC has raised over $14 million for the campaign, allowing the building to serve an additional 20,000 students annually.
The Burke Commons is at the heart of the building, named after the late Richard Burke, the former Trek Bicycle Corp. chairman and a founding philanthropist for the organization. This relaxation space, anchored by a beautiful mosaic mural, provides a space where parents and students can mingle and study.
Expansion & Makeover Highlights
- A total of seven rehearsal halls, 15 studios, and eight instruction rooms
- In-the-round seating for 142 people in the Goodman Mainstage Hall and related black-box theater technical amenities, giving MYAC two venues where it can stage full-fledged performances
- As part of a lighting upgrade, fluorescent lighting has been replaced by dimmable LED, both for cost savings and to create an improved environment for people on the autism spectrum
- Hearing-assist technology in two performance halls
- Cameras, sound, and projection equipment increase groups’ capacities for live streaming and digital meetings
