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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

Commission Action

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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