Arts Center Pitches Plan
$8.5 million Request Would Help Fund Fayetteville Renovations
Posted: January 15, 2013 at 5 a.m.
Peter Lane, Walton Arts Center chief executive officer, made his pitch Monday for why Advertising and Promotion commissioners should commit $8.5 million in taxpayer money for planned arts center renovations.
At A Glance
Also on Monday, the Advertising and Promotion Commission:
-Appointed Ching Mong as the commission’s chairman.
-Selected Matt Behrend, general manager for the Holiday Inn Express on North Shiloh Drive, as the commission’s newest member. Behrend will replace outgoing commissioner Hannah Mills, pending City Council approval.
-Voted to increase the salary of Marilyn Heifner, commission executive director, by 5 percent this year. The raise brings Heifner’s annual salary to $84,000.
-Selected Beall Barclay of Rogers to audit the commission’s finances this year.
-Reviewed hotel, motel and restaurant tax proceeds for 2012. According to a report Monday, the commission received about $2.5 million in tax revenue last year. That’s about a $223,000 — or 9.7 percent — increase from 2011.
Source: Staff Report
At A Glance
Arts Center Renovations
Walton Arts Center officials plan to raise money for renovations to their Dickson Street building in the following ways:
-$2 million — Advertising and Promotion Commission Reserves
-$6.5 million — Town Center Bond Extension
-$7.5 million — Foundation Support
-$3.6 million — Individual Contributions
-$1 million — Corporate Donations.
Total — $20.6 million
Source: Walton Arts Center
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