Opera Theater Oregon is having trouble finding a historic building to renovate into its permanent home because of the economy.
Opera Theater Oregon is having trouble finding a historic building to renovate into its permanent home because of the economy.
Property owners that had offered rent discounts to arts groups in the past are reconsidering as they struggle with a difficult commercial real estate market.
The local performance group last month presented an offer to make $2.5 million worth of improvements to the Guild Theater in exchange for 20 years of free rent at the space. Though the theater’s owner, TMT Development, in the past has given breaks on rent to arts organizations at the Guild, it couldn’t justify such a deal amid today’s economic uncertainties, [Artistic Director Katie] Taylor said.
A dedicated, unique space within the central city can lead to bigger and better things for small arts organizations like Opera Theater Oregon, according to Trisha Mead, public relations and publications manager for Portland Center Stage.
Read more at the Daily Journal of Commerce.
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