GREENSBORO, N.C. -- City Council will consider a Memorandum of Understanding involving the city and the Community Foundation of Greater Greensboro for the Steven B. Tanger Center for the Performing Arts.
The City of Greensboro posted the MOU online. Officials say it will be discussed at the Feb. 25 City Council work session at 2 p.m.
Mayor Nancy Vaughan says she helped write the document and believes it’s a good compromise.
It offers the city control and oversight while allowing private donors input in design and contracts.
The Center is funded by $30 million of city money and $35 million private donations raised by the Community Foundation.
Ultimately, explained Vaughan, the city will own and operate the facility.
“For us to be able to get a $65 million building for $30 million? That doesn’t happen very often. So what the donors have done is really amazing.”
They will create a non-profit board comprised of the mayor and three other city officials, four representatives of the private donors and five at-large community members selected by the rest of the board.
Vaughan said such a board will allow the city and private donors to all have decision power.
As written now, the Greensboro Coliseum Complex will manage the performing arts center, which will replace the War Memorial Auditorium. The Auditorium at the Coliseum will be taken down, said Vaughan, since they decided on a downtown location for the performing arts center.
“Because you’ve got this mass of businesses down here, this really made the better sense where you’ve got more walkability. People can see a show, they can walk they can eat and do other things,” Vaughan explained.