Dear NPAC Supporters,
Warmest thanks to all of you who contributed to the Newport Performing Arts Center’s Annual Fund last year. With your support, the Board of Directors focused on conducting a serious and thorough due diligence in preparation for the next phase of the project. This work has led us to engage in exploring ways in which NPAC can begin to operate as a venue for performance even as restoration construction continues.
While our Capital fundraising is ongoing, it is the Annual Fund which fuels the engine that drives this ambitious community enterprise. Your continuous support allows us to keep moving forward.
With Phase I of the project, the historic Opera House Theater was saved and stabilized. Now you can help us to realize NPAC’s role as a catalyzing force in Newport’s year- round arts and cultural vitality. Our efforts this past year have resulted in more pragmatic financial projections, a detailed business plan, and a market study that validated the economic sustainability and market demand of the Newport Performing Arts Center which you and we have always recognized.
Here are some highlights from 2019:
We owe a debt of gratitude to our state representatives, particularly Dawn Euer, Deb Ruggiero, Terri Cortvriend, and Marvin Abney for leading the effort to extend our eligibility for state historic tax credits for three more years which allows us to obtain up to $3 million of tax credits when the restoration project is complete.
The Newport Performing Arts Center’s 700-seat Opera House Theater will be a vibrant cultural center and year-round, live performance space. The market survey data supporting the opportunity is overwhelming:
As an anchor institution in the community, NPAC belongs to all of us. The Opera House Theater is your stage and your support of the Annual Fund sustains this community endeavor up to and beyond its opening, and for years to come.
We are deeply grateful for your support.
With thanks and best wishes,
John H. Cratin, III
Chair, Board of Directors
Newport Performing Arts Center
P.S. – Don’t forget to ask your employer if they participate in a corporate matching gift program!
Employer Match info: Newport Performing Arts Center
EIN (Tax ID): 05-0514456
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