GREAT
AMERICAN
DOWNTOWN
NasIIvA, NET
6 Main Street
Nashua, NH 03064
603.883.5700
DowntownNashuaorg
Eat. Shop. Live. Local.
Board of Directors
Chelsea Dennis, President
Bellavance Beverage Co.
Steve Saxe, Vice President
AlphaGraphics
Dan O'Donnell, 2nd Vice
President
Keller Willams Realty
Ryan Ruggiero, Treasurer
Triangle Credit Union
Debra Rapsis, Secretary
The Paciello Group
Mayor Jim Donchess, Advisory
City of Nashua, Mayor
Tim Cummings
City of Nashua,
Economic Development
Department
Lt. Patrick Hannon
Nashua Police Department
Deputy Chief Glen MacDonald
Nashua Fire Department
Phillip Scontsas
Scontsas Fine Jewelry
Rep. Latha Mangipudi
NH State Representative
Carol Eyman
Nashua Public Library
Nicole Otis
Fratello’s Italian Grille Nashua
Tommy Parnell
CarGurus
& @
@DowntownNashua <=
ee
uP FB.comm/DowntownNashua
February 5, 2020
Nashua Board of Aldermen
229 Main Street
Nashua, NH 03061
Dear Board of Aldermen,
Today lam writing to you as the Executive Director of Great American
Downtown, and on behalf of our Board of Directors. Our non-profit
organization has a mission centered around economic and cultural vibrancy in
Downtown Nashua.
You are in the process of considering a proposed update to the bond resolution for
Nashua’s future Performing Arts Center at 201 Main Street, which will lift the 2 year
limitation on fundraising efforts for the center, while leaving in place the objective of
raising at least $4million from the private sector to support the project. We are in favor
of this update. The changes will allow for fundraising to continue toward the project,
and advance the project into a shovel ready position as the change relates to financing
and availability of funds, in the interest of incorporation of New Market Tax Credits
into the private side of the project capital io be raised. NMTCs are projected to help the
project team well exceed the initial $4million, to a total projection of $4.5million in
outside revenues.
We recognize that in the second half of 2029 detailed architectural renderings have
heen developed, a non-profit to support the overall organizational structure has been
established, and the project has already garnered a significant amount of financial
support in the short window since those essential components in the fundraising
process have gone into place.
Recommended in the City of Nashua’s 2000 Master Plan, the 2003 Downtown
Master Plan, the 2015 Nashua Arts and Culture Plan, and by the Performing
Arts Center Feasibility Study - the vision for the Performing Arts Center has
been developed and refined over many years with great attention to “getting it
right.” Nashua stands to benefit from that good work, as we approach execution
in the months ahead]
Wecommend the Beard of Aldermen, the Performing Arts Center steering
comunittee, and Nashua Community Arts as they continue to do this in depth work,
which will ensure that both the capital campaign and long term operation of the facility
are successful. It is in your dedicated work and diligence that we will see the
Performing Arts Center thrive, and in doing so, bring more opportunities for enjoyment
and economic growth to our Downtown and to our city as a whole.
Thank you for all that you do to continually improve city life, to bring arts and
culture to all citizens of Nashua and the surrounding area, and thank you for
your continued support for making this community vision a reality.
Sincerely,
Paul Shea, Executive Director
Great American Downtown Inc
Hunt Memcrial Building
6 Main Street
Nashua, NH 03064
603.508.0687 m
603.883.5700 o
Paul W Shea@DowntownNashua.org
Great American Downtown, Inc is a 5OU(c3) Non profit Organization, donations to which are tax deductible to the
fullest extent allowed by law. Our mission is centered around promoting and building upon the economic and cultural
vibrancy of Downtown Nashua through creative marketing and great community events.
