OM
Economic impact analysis
Calculates the economic impacts of building and operating new
facilities in Nashua.
Informed by RIMS Type II multipliers purchased from the Federal
Bureau of Labor for Hillsborough County.
Direct, indirect, and induced impacts based on construction,
operations, and audiences.
Year three of operations for new facilities.
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Pro-forma
operating
budget
Pro-forma Budget Summary Pre-Opening
Earned Income
Ticket Sales
Rental Income
Theater User Fees.
Food Service
Miscellaneous Income
Contributed Income
Individual Contributions
Corporate Contributions
Foundation Grants
Government (non-local)
Endowment Income
i |
Total Income
Operating Expenses
Total Personnel
Programming Costs
Fundraising
Box Office
Administration
Occupancy Costs
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Pro-forma operating budget
building creativity
Pro-forma Activity Summary
Reference Points: Facility Characteristics
A ait
VWVebb Management Services Inc.
Earned Income (as % of Operating Expenses)
Colonial Theatre
(Keene, NH)
LADD
199%.
($929,081)
16%
A Os
86%
Zl
49,099) 6 36
0%
OM
Pro-forma operating budget
A live, Excel-based model that starts with activity estimates.
The year before the theatre opens, plus five years of operations.
Fully-developed staff and infrastructure to support programming
estimates — from the outset.
rem AY A aay LA Dia.
building creativity
Staffing plan
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Legend:
Executive Director
Front of House Development
Manager Director Ticketing Manager
Technical Director
|
Event Staff Event Cleaning Volunteer Ticketing Staff
Custodian Manager
Technical Staff
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OM
Operating policy
Access + scheduling
Rental rates + fees
Resident status for particular groups
Ticketing + analytics
Food + beverage operations
Volunteer leadership + support
Green operations
Leo Ly Lo Ay hy Lyro Avid
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OM
Governance recommendations
In this case we recommend that the City of Nashua be the owner and and operator,
with at least two partners:
1. A foundation to raise money and represent the interests of the private sector.
2. Aprogrammer to bring cultural and entertainment events to the new facility.
We make this recommendation given:
OM
Operating goals for a new arts + events center
Present high-quality arts and entertainment programming of
interest to the permanent population and other visitors to the
area.
Support local businesses, government and citizens with
professional meeting and event facilities.
Provide affordable access to well-equipped performance,
rehearsal, and support spaces for users that are working towards
the cultural development of Nashua and the region.
MAIN STREET PERFORMING ARTS CENTER
Scope
30,000 total sf, 2 floors
interior and exterior renovation
new theater, support facilities, entry lobby, event space, retail
Budget
$15.5m projected total project cost
First Floor Before
Bruner/Cott Architects
