Walton Family Foundation gives $5 million toward Walton Arts Center expansion
by March 3, 2015 5:49 pm 326 views
The $23 million expansion of the Walton Arts Center in downtown Fayetteville got a booster shot from the Walton Family Foundation who pledged a $5 million challenge grant in support of the project.
The $23 million campaign will add 30,000 square feet of space, including a new and expanded atrium lobby that connects to Dickson Street, significant renovations and expansion of Starr Theater, expanded space for back of house technical and theatrical equipment, and new administrative offices. These enhancements will modernize the facility and create a destination for more arts, special events, community gatherings and educational programming in the Fayetteville facility.
The Dickson Street renovation is slated for completion by the fall of 2016. Heavy construction of the main lobby and Starr Theater will occur during the off-peak summer months of 2015 and 2016 to minimize the impact on regular programming and ensure the arts center has a full season.
"We are honored to receive a $5 million challenge grant from the Walton Family Foundation,” said Peter B. Lane, president and CEO of Walton Arts Center.” The Foundation’s participation in this capital campaign represents a strong vote of confidence in our future in Fayetteville, and the future of the arts in Northwest Arkansas.”
Funds from the challenge gift will be matched by contributions from other donors in order to reach the $23 million goal.
"With lead gifts such as this from the Walton Family Foundation, the Walton Arts Center's campaign is off to a very strong start," said Lane. "We are now expanding and intensifying our fundraising efforts to build on this generosity. We hope that this campaign will not only succeed in increasing support for the Walton Arts Center, but with increased programming, we will serve even more members of our community.”