Vancouver's newest theatre now has a name and $2 million in funding to complete its construction and sound and lighting systems.
The Arts Club Theatre Company and Bard on the Beach Shakespeare Festival announced yesterday the naming of the new BMO Theatre Centre at their new shared facility at 162 West 1st Avenue near Olympic Village.
The $20.4 million complex will have a 250-seat theatre, four rehearsal theatres, costume-making facilities, and the offices of both the Arts Club Theatre and Bard on the Beach.
BMO Financial Group got naming rights after kicking in $1.5 million to complete the building.
The 250-seat venue itself will be called the Goldcorp Stage, which will be housed at the centre, thanks to Goldcorp’s $500,000 donation to allow for the installation of state-of-the-art sound and lighting systems.
The new BMO Theatre Centre and Goldcorp Stage will provide both the Arts Club and Bard on the Beach with expanded possibilities for the development of new productions, as well as allowing both companies to grow their current education and training programs. The theatre will also be available for other nonprofit arts organizations to rent at-cost.
In addition to the private support, the City of Vancouver secured the space for the new city-owned theatre centre through a Community Amenity Contribution valued at $7.6 million; it also committed $7 million toward the improvements through the 2014 capital budget, for a total of $14.6 million in support.
The Department of Canadian Heritage has kicked in $2.5 million through the Canada Cultural Spaces Fund and $1 million was given by British Columbia’s Ministry of Community, Sport and Cultural Development.
The Arts Club plans to start moving in next month.
In the meantime, the Arts Club is planning to vacate the Revue Stage; CMHC has told the Straight the future of the space is under review.