Asolo Rep Achieves Phase I Fundraising Goal; Grand Opening June 2022
Arts & Culture
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THURSDAY FEB 17, 2022 |
Asolo Repertory Theatre has reached its goal for Phase I of the Staging Our Future Capital/Endowment Campaign and is well into construction. Phase I covers a new structure at the Robert and Beverly Koski Center on Tallevast Road, including the Margot and Warren Coville Rehearsal Hall and other new spaces vital to the Asolo Rep strategic plan for advancing artistic excellence, expanding educational and community enrichment programs, and evolving Asolo Rep revenue streams. New construction is set to be completed on schedule in June 2022. Details on a ribbon-cutting ceremony will follow shortly.Fundraising for Phase II of the campaign has begun, with $7 million remaining to complete the next leg of the project. Phase II will fund necessary renovations to the existing Koski Center buildings, providing comprehensive creative infrastructure that includes additional rehearsal space, classrooms, studios, physical therapy and medical support facilities, artistic offices, and a dedicated on-site suite for costume fitting, construction and storage. The total project budget for Staging Our Future is $21 million, including a $5 million endowment for operating expenses for the new and newly renovated spaces. Asolo Rep has currently raised 85% of this endowment goal. As of February 10, 2022, more than 90 generous donors have contributed to the Staging Our Future Campaign.
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