Anchorage’s 4th Avenue Theatre saved
ANCHORAGE, AK — Thanks to a creative four-part funding agreement reached this week, Anchorage’s 1947 treasure, the 4th Avenue Theatre has been taken off the chopping block.
The deal, involving the Rasmuson Foundation, the Wells Fargo Community Development Corp., the building’s owner Robert Gottstein, and the City of Anchorage, will create a new corporation to purchase the theater, and bring $1.75 million in renovation funding. The theater will be used as an extension of the Egan Convention Center, overseen by the Anchorage Convention and Visitors Bureau.
To read more on this story, go to theAnchorage Daily News.