Embassy Theatre announces $2 million gift for building renovation fund drive
Published by News-Sentinel (staff reports)
June 26, 2013
The Goldstine Foundation has donated $2 million to the Embassy Theatre to help fund renovation of unused portions of the building, the theater announced Wednesday.
The donations will be put toward a $10 million campaign now under way to renovate four floors of the attached former Indiana Hotel and other undeveloped areas of the building, which was constructed in 1928, a news release said.
Plans call for creation of a two-story-high ballroom and rooftop garden, studio and rehearsal space, classrooms, a history center, and improved public access and concessions areas, the news release said.
The Embassy Theatre, a nonprofit organization, began fundraising for the capital fund drive last summer after receiving the Goldstine Foundation gift, the news release said.
The drive has raised nearly $3.7 million so far and hopes to raise at least $6 million by Dec. 31. If fundraising continues at the current pace, renovation could begin in June 2014.
The Embassy’s board and staff have spent several years studying the best uses for the building, the news release said. That effort was sparked by the 2009 project that renovated the third floor to make it a public corridor between the Courtyard by Marriott hotel’s sky bridge and the Grand Wayne Convention Center sky bridge.