Goshen News, Goshen, IN

Local News

October 12, 2013

Future of downtown's Goshen Theater should become clearer in coming months

(Continued)

GOSHEN — Funding feasibility

Leichty said one of the major factors that will likely slow the process down a bit is the fact that many of the city’s major donors don’t stay in Goshen over the winter, meaning that Laudick Brown & Associates won’t really be able to get a true picture of just how much capital is actually out there and available for the project until next spring.

“So by June we should have a fairly solid assessment of what the fundraising feasibility for that project will be, and that will really determine for our group the scope of the full revitalization project that we feel like we want to engage,” Leichty said. “And then at that point we’ll actually launch into the next phase of the project, which will be the actual capital campaign.”

Regardless of when the actual capital campaign begins, Leichty said it is still Goshen Theater Inc.’s goal to at least have the building purchased by the end of this year, as that is the wish of Downtown@808.

“They do not want to continue to fund the operations of that building, so we are making every concerted effort to purchase the building before the end of the year,” Leichty said. “Whether or not we’ll be able to do that and raise the necessary funds to operate the building is still to be determined. So we’re taking it a step at a time. First we need to find the money to buy the building, and then we’ll go from there.”

If all goes well with the progression of the project, Leichty said her hope is to begin rehabilitation of the theater in 2015, with conclusion of the project tentatively set for sometime in 2016.

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