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No GPAC Decision Tuesday, Discussion Continues

11:22 PM, Feb 5, 2013   |    comments
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Greensboro, NC -- The city council will wait at least another week to make a decision on the Greensboro Performing Arts Center after Tuesday's meeting.

The GPAC Task Force made its final push to persuade the council to vote in favor of the center, which would seat 3,000 people.

The group has narrowed the possible locations down to two spots: the corner of N. Elm St. and Bellemeade Avenue or at the former site of the city-owned YWCA. 

The task force says the Greensboro Coliseum's staff would run the center, and War Memorial Auditorium would close, moving all events to GPAC.

The city will have to provide $20 million of the $60 million needed for the project via user fees and taxes. Half of the remaining $40 million will come from private donations, and the rest will come from alternative revenue sources, like federal and state grants.

Recent studies showed, in the worst-case scenario, GPAC would not make a profit until its third year.

City council asked the task force to provide a financial model for the performing arts center at the council's Feb. 19 meeting.

GSO City Council

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