Summer contributions totaling $300,000 from the Ford Foundation and The Nord Family Foundation ensured the Nick would meet its latest opening deadline. The Nick has estimated that it will draw 60,000 people annually to Main Street.
The 99-seat downstairs theater, with its new projection system, is open, but the Nick has returned to raising money to renovate the 200-seat theater on the second floor of the new building. Andy Smith, the Nick’s executive director, said the theater will “shoot for $2 million for renovations and financial reserves.” Now that the Nick owns the building, it can’t complain to a landlord if the air conditioning breaks or if the roof leaks.
The second screen is paramount to the Nick’s success.
“That’s the piece that’s going to make the Nick so much more financially stable than it’s ever been before,” Smith told The State in August. “The revenue that comes with that second theater is
Article source: http://www.thestate.com/2012/12/30/2571335/the-year-in-arts.html