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QUALITY OF LIFE

Plaza Theatre
Renovation Funding

 

The City of Laredo plans to restore the Plaza Theatre, a 1946 post-war era structure, to its original glory, thus preserving a part of its history. The renovation process includes developing the property into a multipurpose performing arts center. Located in the heart of downtown, the Plaza Theatre’s renovation would generate activity that would further spur economic development in this area, as well. The City of Laredo seeks financial assistance to make this conceptual project a reality.

Ronnie Acosta

Director of
Community Development

1301 Farragut Street

Laredo, Texas 78040

Phone: (956) 795-2675

Fax: 795-2689

tacosta@ci.laredo.tx.us

The Plaza Theatre, built in 1946, operated as a 1,586-seat theatre that featured first-run American films and served as one of downtown’s major attractions. With the hope of restoring this historic symbol of downtown and creating economic development opportunities for persons of low income, the City of Laredo acquired the theatre in 1999 with Community Development Block Grant funds. On November 13, 2001, the City Council approved funds to undertake a feasibility study. The firm of Killis Almond and Associates, Inc., in association with Architects Plus, Inc. and Janis A. Barlow & Associates was selected to conduct the study. The Plaza Theatre Renovation Committee was previously created to serve as a project/focus group to work in partnership with City staff and the project consultant to determine the feasibility of rehabilitating the Plaza Theatre as a venue for the live performing arts (theatre, music, and/or dance) and film. In brief, the study notes the following:

CDBG funds were previously used for asbestos abatement and roof reconstruction. HUD awarded the City $198,400 in Economic Development Initiative (EDI) funds in 2005 for the reparation of the Plaza Theater’s Marquee and Blade Sign. Reconstruction of the marquee and blade sign is ongoing.

The City of Laredo needs continued assistance in securing funding for the design and construction of improvements necessary in converting the historic Plaza Theatre into a performing arts center. Additional funding is also needed in order to acquire adjacent property to accommodate support facilities. The cost breakdown is as follows:

General Construction $3,296,000
Furnishings 240,000
Special Construction/Purchase 773,000
Design/Engineering 646,350
Testing 86,180
Contingency 430,900
Acquisition of Adjacent Property 700,000
Total $6,172,430

©2007 City Of Laredo