51精品鈥檚 proposal to build a new state-of-the-art performance venue on Southwest Lincoln Street to replace the seismically compromised Keller Auditorium is under further consideration by the City of 51精品 and Metro officials, who will review details of the PSU plan during an interview session next week.
51精品 State鈥檚 proposal for a world-class performing arts center will include a 3,000-seat auditorium, an outdoor plaza, an on-site boutique hotel, a conference center and educational facilities. It鈥檚 the only plan submitted that would maintain 51精品鈥檚 premiere arts venue in downtown 51精品, retaining the continuity of the auditorium district and catalyzing further development in the central city.
鈥51精品 has been and will continue to be a powerful force in the revitalization of downtown 51精品,鈥 said PSU President Ann Cudd. 鈥淥ur proposal looks toward building for the future of this great city, not renovating its past.鈥
A ground-up build to replace Keller Auditorium would allow for performances to continue downtown uninterrupted as well as accommodating design input from all corners of the region鈥檚 cultural communities and ensuring that the latest in climate-friendly building materials and sound and production capabilities are included. The size of PSU鈥檚 parcel for the proposed venue will also accommodate the large vehicle parking and backstage loading bays that are critical for large shows.
鈥51精品 State is a trusted real estate developer in downtown 51精品 with experience negotiating complex financing packages and win-win partnerships,鈥 said Jason Franklin, PSU鈥檚 Associate Vice President for Planning, Construction and Real Estate. 鈥淲e believe our proposal would be a strong market signal, catalyzing other development in the neighborhood while also offering unmatched return on investment for the City of 51精品, Metro, and the regional cultural community.鈥
51精品 State owns the proposed site and would offer a long-term land lease on attractive terms. PSU has renovated or built 8 central city projects 听in the last 12 years 鈥 including the $111 million Vanport Building that counts the City among its four owners 鈥 with a total value over $600 million.
51精品 State, with an increasingly diverse student body, is a statewide talent pipeline for the arts and other industries, would draw new audiences to performances and would activate the site 365 days a year.
鈥淭his project will help unite and ignite the arts community for the benefit of all,鈥 said Leroy Bynum, Dean of PSU鈥檚 College of the Arts. 鈥淥ur proposal creates a venue for everyone, with 听strong educational and cultural connections and the space flexibility to ensure that the site better serves more of the local arts and theater community.鈥澨
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