Albert Nocciolino, a promoter who brings Broadway road shows to the RBTL, speaks at a Thursday morning meeting about Ren Square's theater. Photo by Matt DeTurck.
A consultant for the $230 million Renaissance Square project says that the project should have an economic impact of $11.4 million on the Rochester community -- meaning that it is expected to bring that much into the community. But theater groups, according to Ren Square spokesman Mike Power, say that's a conservative estimate. They say that the economic impact could be as much as $27 million.
The consultant also predicts a bigger audience for the Rochester Broadway Theater League if it moves to Renaissance Square. RBTL has long been talked about as the primary tenant for the theater component of Renaissance Square. The theater will bring in approximately 263,000 people annually, consultants say. The consultant projects that the theater would have a $1.2 million annual operating deficit.
The Main and Clinton Development Corporation, which is overseeing Ren Square, is meeting this morning. The purpose of the meeting, according to handouts, is to make a business case and to present a "sustainable operating plan" for the theater.
Comments for "REN SQUARE: Project deficit, benefits outlined" (1)
City Newspaper is not responsible for the content of these comments. City Newspaper reserves the right to remove comments at their discretion.
andrew stainton said on Sep. 18, 2008 at 6:10pm
Once again, we are subjected to the opinoins of people what are making money on the project. How sad that Duffy is willing to sacrifice the bus system to build this nonsense that almost no one (except those making money on it) think is a good idea. The new nake of the project should be "The Brooks-Duffy Ren Square Disaster" so future generations, likely dealing with very high gas prices, can know EXACTLY who destroyed the bus system just when it was becoming clearly critical to our citiy's economic future.
Note that no traffic analysis has been released that says the bus system plan is even possible, much less at what added cost in time and money. But on and on we go about the theater....
For more about REAL mass transit improvements and downtown developnment options that preserves our history and tax base, please visit www.fixrensquare.org
Leave A Comment
Respond on Your Blog
Create an Account
or
Login
If you have a City Account you can not only post comments, but you can also respond to articles in your own City Blog. It's just another way to make your voice heard.