Board Of Aldermen - Agenda - 9/28/2020 - P220
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Lower
Court St.
Operating Budget for Court St.
Revenues
Monthly Rental
Activity-based Rentals
Secondary Space Rental
Expenses
Building Manager
Maintenance Specialist
Building Services
Utilities
Supplies
Maintenance
Result of Operations
GEF
Building Services/sf
Utilities/ sf
Supplies/st
Maintenancesst
CPI Esealator
COURT STREET COMMUNITY THEATER
Capacity
200 tiered seating
640 standing
320 tables& chairs
Scope
19,000-30,000 sf
interior renovation, exterior repair
new HVAC and electrical systems,
upgraded program space
Budget
$2.5-5.0m projected investment
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Lower Court St.
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There is consensus in the community that Court St. should be
improved as and when possible.
A portion of the building could be restored for use by local theater
groups, including a theater, rehearsal space and support areas.
That portion could be operated as a co-op between the groups, or
as a lease to one user with conditions motivating rentals to others.
The City’s financial goal should be to have user groups pay rent
sufficient to cover core building expenses.