Anchorage’s 4th Avenue Theatre saved

posted by btmeacham on December 19, 2006 at 8:00 am

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.

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Comments (3)

HowardBHaas
HowardBHaas on December 19, 2006 at 12:06 pm

Having read the description of the theater on this website, and looked at the exterior and interior photos, I am impressed by how wonderful this Art Deco gem is and overjoyed that it will be saved and open again to benefit the public! This is a giant win win, and all parties are to be congratulated!

Regards from Philadelphia, www.FriendsOfTheBoyd.org, volunteering to save our Art Deco theatrical showplace.

James Colburn
James Colburn on January 3, 2007 at 7:45 pm

Good for you! Thanks or the effort! You all wont be sorry!

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