Cedar Rapids Amphitheater gets funding boost - KWWL - Eastern Iowa Breaking News, Weather, Closings

Cedar Rapids Amphitheater gets funding boost

Posted:

CEDAR RAPIDS (KWWL) -- The proposed amphitheater and levee project in Cedar Rapids got a funding boost on Wednesday.

The Hall-Perrine Foundation has pledged a $1 million matching grant, AEGON and Rockwell Collins have both donated $225,000 to the project and CRST has donated $100,000.

Those donations paired with the $1,075,000 grant from I-Jobs and the $435,000 donation from Linn County, which includes $425,000 for the value of the land, gets the city on track for the $8.7 million project.

The downtown riverfront amphitheater and levee project will be built on the west bank of the Cedar River, next to the Cedar Rapids Police Department.

The city projects the amphitheater will host eight national touring concerts and 20 ticketed events per year with up to 57,300 total annual attendance.

Construction on the levee will start in the spring and construction of the amphitheater is slated to start in the fall.  They say the project will be completed in 2012.

The amphitheater will have approximately 3,000 to 5,000 seats, space for VIP seating, a permanent stage with rigging and grid capabilities, state-of-the-art audio, video and lighting and temporary fencing for ticketed events.

The nearby Festival Park area will have parking and space for vendors, concessions and portable restrooms.

The levee and flood wall will extend from Third Avenue SW to the police helipad and will connect with future segments of the flood management system.

Levee construction is projected to cost $1.75 million, amphitheater construction is estimated at  $3.75 million, Festival Park and parking area construction will cost $1.3 million, Linn County land value is $425,000 and Cedar Rapids land value is $1.47 million.  The total project is estimated to cost $8.7 million.

Powered by Frankly