Newport Opera House project budget increases to $25M
Published 5:00 pm Monday, October 15, 2018
NEWPORT, R.I. (AP) Officials now say it will cost $25.6 million to create a new performing arts center at the Newport Opera House.
The Newport Daily News reports that the Newport Performing Arts Center board of directors said in a statement Monday they had approved a revised budget. The board had originally estimated the project would cost $18.5 million.
Board chairman John Cratin says the project ran into “unexpected costs.”
The project received a $4.2 million grant from the state and raised nearly $6 million from donors. According to Cratin, the center has been approved for nearly $4 million in federal and state tax credits.
The board says developers are preparing Phase II of the project.
The Opera House originally opened in 1867.
___
Information from: The Newport Daily News.