If you didn’t see the articles last week, the Lyric Opera announced that it is receiving over $3 million in federal New Market Tax Credits to be used to help complete the Company’s $13.1 million Administrative and Production Complex at 1725 Holmes in Kansas City’s Crossroads Arts District. This tax credit allowed the Company to begin construction on the Opera Center now.
The first phase of the project is slated to be complete in August, just in time for work to begin on Turandot, the opening production for the Lyric Opera in the Kauffman Center for the Performing Arts. The administrative building will be complete by early next summer, at which time the Company will consolidate all of its resources and departments into one Opera Center.
Learn more about the announcement in the articles listed below:
Lyric Opera gets federal boost for new Crossroads complex
Kevin Collison, The Kansas City Star
Lyric Opera’s economic benefit is key factor for tax credits
Kelly Stroda, Kansas City Business Journal