Page 50 - November 2017 inLEAGUE Resource Guide (Vol. 40, No. 5)

Where to Start

(continued from page 14)

to let this foundation gain more control than
it should unless it is also going to be charged
with running the theatre day-to-day. They
may have the ears of the donors early on,
and may have defined what the building will
be before you have worked with designers
and completed its design and taken into

THE HIT BRO account how it will operate. This foundation
THE HIT BROADWAY MUSICALADWAY MUSICAL
may have defined the building differently
O than you have learned the broader
ON BROADWAY • ON TOURN BROADWAY • ON TOUR
A
Aladd nTheMus ical.com ladd nTheMus ical.com community wants, all to satisfy large donors.
This is a serious mistake and all the more
reason for your organization to become
involved from the beginning.

Perhaps there are other forms of public or
semi-public funds, such as bed-tax revenue,
TIF districts, historic preservation tax credits,
etc, all of which can be used to assist in
the capital construction costs if you begin
planning early.

ON BROADW There are many pitfalls which are easy to
ON BROADWAY • ON TOURAY • ON TOUR
allow yourself to fall into unless you have an
LionKing.com
LionKing.com
experienced manager from the beginning.
This individual need not be full-time from
day one, but it is highly desirable. Coming
in at the “last minute,” perhaps a year from
opening, when all the design and equipment
decisions have been made, with the
expectation that this new Executive Director
will be able to manage the new building on
a cost-effective basis when he or she had
no input into those design decisions, is not
cost effective. Over time, while this decision
ARRIVESONBROADWAYFEB 2018SONBROADWAYFEB SONBROADWAYFEB 20182018 may have seemed wise in the early days
ARRIVE
ARRIVE
NO ©Disney when funds were tight, it will likely cost the
NOWONSALEWONSALE
F
FrozenTheMusical.comrozenTheMusical.com facility more in daily operating costs than
had he or she been hired early on and given
the budget to set up operations during the
design process.

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