Cotton Mill

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Cotton Mill

Cotton Mill

Project Cost-$18.8MM
Fed HTC’s-$2.5MM

State HTC’s-$3.1MM

The Cotton Mill is in fact an old Cotton Mill from the early 1900’s. It is located in a severely depressed part of Roanoke and has been abandoned for many years. The building was just another derelict building in a decaying part of the City. It was recently purchased by a local developer and repurposed into a mixed use facility which included low cost housing for the local neighborhood residents. The Cotton Mill joins other buildings as part of this developer’s efforts to revitalize downtown Roanoke.

Other Projects in Plymouth Soundings’ Portfolio

  • ArtsQuest Images, Plymouth Soundings Projects

    Award winning Performing Arts Center in Bethlehem, PA, built on the largest brownfield site in America. This state of the art facility has enabled significant expansion of the Musikfest, 10 day community festival, Christkindlmarkt and First Night events as well expanded delivery of other arts and educational programs to the Community.

    ArtsQuest
  • PBS – 39 Images, Plymouth Soundings Projects

    PBS-39 is a sister project to the ArtsQuest Performing Arts facility. This project enabled this public broadcasting station to build a new facility, upgrade its broadcasting equipment, expand its offerings to schools and continue to provide meaningful local programming.

    PBS – 39
  • Grundy Town Center Images, Plymouth Soundings Projects

    Years ago this rural community was wiped out by multiple floods and only now can begin to reestablish a future for its remaining residents. A new Town commercial center, anchored by Wal-Mart, was made possible through the use of New Markets Tax credit funding.

    Grundy Town Center
  • Patrick Henry Hotel Images, Plymouth Soundings Projects

    The once elegant Patrick Henry Hotel in Roanoke, VA, has been transformed into a mixed-use project that revitalizes a significant downtown landmark. Built in 1921 and a sentimental favorite in Roanoke, the brick and stone hotel has been

    Patrick Henry Hotel
  • The Tennessee Theatre Images, Plymouth Soundings Projects

    The renovation of an historic 1928-movie palace transformed the Tennessee Theatre into one of the premiere performing arts facilities in Tennessee. Scope included coordination of construction project, financing, fundraising, accounting, operations planning, cash flow and

    The Tennessee Theatre
  • Proctor’s Theatre Images, Plymouth Soundings Projects

    Teaming with Key Bank and Sherwin Williams Company, Proctor’s Theatre accessed a reduce rate New Market Tax Credit Loan, both Historic Rehabilitation and 10% Rehabilitation Federal Tax Credits, and NMTC’s.

    Proctor’s Theatre
  • The Clemens Center Images, Plymouth Soundings Projects

    Partnering with Sherwin Williams, The Clemens Center project accessed 10% Rehabilitation Tax Credits, and is also currently being considered for New Markets Tax Credits.

    The Clemens Center
  • The Adler Theatre Images, Plymouth Soundings Projects

    The Adler in Davenport, IA benefited from Federal and State Historic Tax Credits as well as New Markets Tax Credits, partnering with the National Trust Community Investment Corporation, US Bank, and Iowa Business Growth. Tax Credits yielded over $11MM of project equity.

    The Adler Theatre
Categories:

Grundy Town Center

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Grundy Town Center

Grundy Town Center in Grundy, VA

Project Cost-$41.3MM
NMTC Allocation – $14MM

Grundy, VA is a small town located in the hills of Southwestern Virginia. In 1977 Grundy’s Commercial center was destroyed by flooding of the Levisa Fork River. This flood initiated a major flood control project to protect Grundy from future devastation. This flood project sparked new efforts to rebuild and provide a future for its remaining residents. A new Town commercial center, anchored by Wal-Mart, was made possible through the use of New Markets Tax credit funding. The first phase of restoration required carving space out of the mountain side(well above the river) to build the new community. The new Town Center will become an economic engine stimulating additional development in the area. Already two additional buildings have been added bringing new business and jobs.

Plymouth Soundings working with the Grundy, VA Industrial Development Agency coordinated all financial activities necessary to obtain NMTC allocation, provided guidance to accounting during construction and conversion operations, assisted with audits and compliance reporting.

Other Projects in Plymouth Soundings’ Portfolio

  • ArtsQuest Images, Plymouth Soundings Projects

    Award winning Performing Arts Center in Bethlehem, PA, built on the largest brownfield site in America. This state of the art facility has enabled significant expansion of the Musikfest, 10 day community festival, Christkindlmarkt and First Night events as well expanded delivery of other arts and educational programs to the Community.

    ArtsQuest
  • PBS – 39 Images, Plymouth Soundings Projects

    PBS-39 is a sister project to the ArtsQuest Performing Arts facility. This project enabled this public broadcasting station to build a new facility, upgrade its broadcasting equipment, expand its offerings to schools and continue to provide meaningful local programming.

    PBS – 39
  • Patrick Henry Hotel Images, Plymouth Soundings Projects

    The once elegant Patrick Henry Hotel in Roanoke, VA, has been transformed into a mixed-use project that revitalizes a significant downtown landmark. Built in 1921 and a sentimental favorite in Roanoke, the brick and stone hotel has been

    Patrick Henry Hotel
  • The Tennessee Theatre Images, Plymouth Soundings Projects

    The renovation of an historic 1928-movie palace transformed the Tennessee Theatre into one of the premiere performing arts facilities in Tennessee. Scope included coordination of construction project, financing, fundraising, accounting, operations planning, cash flow and

    The Tennessee Theatre
  • Proctor’s Theatre Images, Plymouth Soundings Projects

    Teaming with Key Bank and Sherwin Williams Company, Proctor’s Theatre accessed a reduce rate New Market Tax Credit Loan, both Historic Rehabilitation and 10% Rehabilitation Federal Tax Credits, and NMTC’s.

    Proctor’s Theatre
  • The Clemens Center Images, Plymouth Soundings Projects

    Partnering with Sherwin Williams, The Clemens Center project accessed 10% Rehabilitation Tax Credits, and is also currently being considered for New Markets Tax Credits.

    The Clemens Center
  • The Fox Theatre Images, Plymouth Soundings Projects

    The Fox accessed both New Markets and Federal Historic Tax Credits in a partnership with US Bank and Enterprise Community Investment Inc. This project was concluded in 2006 and received over $13MM in New Markets and Federal Historic Tax Credits, netting approximately $8MM.

    The Fox Theatre
  • Cotton Mill Images, Plymouth Soundings Projects

    Cotton Mill State HTC’s-$3.1MM The Cotton Mill is in fact an old Cotton Mill from the early 1900’s. It is located in a severely depressed part of Roanoke and has been abandoned for many years. The building was just another derelict building in a decaying part of the City. It was recently purchased by a

    Cotton Mill
Categories:

The Fox Theatre

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The Fox Theatre

The Fox Theater in Spokane, WA

Project Cost-$28.4MM
HTC’s-$4.9MM

NMTC Allocation-$6.2MM

The renovation of the Fox Theater in Spokane, Washington, has won a prestigious Preservation Honor Award from the National Trust for Historic Preservation following completion of $31 million restoration in 2007. The award is bestowed on distinguished individuals, nonprofit organizations, public agencies and corporations whose skill and determination have given new meaning to their communities through preservation of the nation’s architectural and cultural heritage. “The Fox Theater is a community treasure and is a key part of the ongoing economic revitalization of Spokane’s historic downtown,” explains Stephanie Meeks, president of the National Trust for Historic Preservation. “Even when the Fox’s stage is bare, the building’s murals, plasterwork and light fixtures put on a show worthy of a standing ovation.”

The Fox received both New Markets and Federal Historic Tax Credits in a partnership with US Bank and Enterprise Community Investment Inc. Plymouth Soundings, acted as the Financial Coordinator, working with the Investor, CDE and Bank both in the initial closing and during project completion as well as during cost certification and first audit. Guidance was provided to Client on setting up the draw request process to meet Investor and deal structure requirements and directed the accounting team in transitioning to operations.

Photos by Whitney Cox.

Click here to visit this theater’s website.

Other Projects in Plymouth Soundings’ Portfolio

  • ArtsQuest Images, Plymouth Soundings Projects

    Award winning Performing Arts Center in Bethlehem, PA, built on the largest brownfield site in America. This state of the art facility has enabled significant expansion of the Musikfest, 10 day community festival, Christkindlmarkt and First Night events as well expanded delivery of other arts and educational programs to the Community.

    ArtsQuest
  • PBS – 39 Images, Plymouth Soundings Projects

    PBS-39 is a sister project to the ArtsQuest Performing Arts facility. This project enabled this public broadcasting station to build a new facility, upgrade its broadcasting equipment, expand its offerings to schools and continue to provide meaningful local programming.

    PBS – 39
  • Grundy Town Center Images, Plymouth Soundings Projects

    Years ago this rural community was wiped out by multiple floods and only now can begin to reestablish a future for its remaining residents. A new Town commercial center, anchored by Wal-Mart, was made possible through the use of New Markets Tax credit funding.

    Grundy Town Center
  • Patrick Henry Hotel Images, Plymouth Soundings Projects

    The once elegant Patrick Henry Hotel in Roanoke, VA, has been transformed into a mixed-use project that revitalizes a significant downtown landmark. Built in 1921 and a sentimental favorite in Roanoke, the brick and stone hotel has been

    Patrick Henry Hotel
  • The Tennessee Theatre Images, Plymouth Soundings Projects

    The renovation of an historic 1928-movie palace transformed the Tennessee Theatre into one of the premiere performing arts facilities in Tennessee. Scope included coordination of construction project, financing, fundraising, accounting, operations planning, cash flow and

    The Tennessee Theatre
  • Proctor’s Theatre Images, Plymouth Soundings Projects

    Teaming with Key Bank and Sherwin Williams Company, Proctor’s Theatre accessed a reduce rate New Market Tax Credit Loan, both Historic Rehabilitation and 10% Rehabilitation Federal Tax Credits, and NMTC’s.

    Proctor’s Theatre
  • The Adler Theatre Images, Plymouth Soundings Projects

    The Adler in Davenport, IA benefited from Federal and State Historic Tax Credits as well as New Markets Tax Credits, partnering with the National Trust Community Investment Corporation, US Bank, and Iowa Business Growth. Tax Credits yielded over $11MM of project equity.

    The Adler Theatre
  • Cotton Mill Images, Plymouth Soundings Projects

    Cotton Mill State HTC’s-$3.1MM The Cotton Mill is in fact an old Cotton Mill from the early 1900’s. It is located in a severely depressed part of Roanoke and has been abandoned for many years. The building was just another derelict building in a decaying part of the City. It was recently purchased by a

    Cotton Mill
Categories:

Patrick Henry Hotel

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Patrick Henry Hotel

Patrick Henry Hotel in Roanoke, VA

Project

Cost-$25.7MM

HTC’s-$4.5MM
State

Credits-$5.6MM

NMTC Allocation-$2.9MM

The once elegant Patrick Henry Hotel has been transformed into a mixed-use project that revitalizes a significant landmark in downtown Roanoke. Built in 1925, the 155,000 square-foot, 10-story hotel was part of the construction boom that swept the city in the decade after World War I. A sentimental favorite in Roanoke, the brick and stone hotel has been rehabilitated into132 apartments with commercial uses on the lower floors. The project followed the standards set forth by the Secretary of the Interior’s Standards for Rehabilitation in order to receive both state and federal historic investment tax credits. The rehabilitation of the Patrick Henry preserved a historic landmark for the Roanoke community. It fulfilled the vision to return a historic structure to its former prominence in the life of the city. A decade ago, Roanoke’s downtown largely was a place where people did business by day and drove home to the suburbs by night. The transformation of the Patrick Henry is a vital piece of the ongoing revival and a growing urban lifestyle in downtown Roanoke.

The Patrick Henry project received a top honor from Virginia Business magazine. The rehabilitation was honored as the Best Historic Rehabilitation of 2011 by the magazine and was featured in its July 2012 issue. Commonwealth Architects is a full service Architecture, Historic Architecture, Interior Design, Planning, Landscape Architecture and 3D Visualization firm. Established in 1999, Commonwealth Architects serves clients throughout the Mid-Atlantic Region.

Plymouth Soundings coordinated all financial activities necessary to obtain the Federal and State HTC’s and the NMTC allocation, provided accounting guidance during construction, conversion to operations and during audits and compliance reporting.

Other Projects in Plymouth Soundings Portfolio

  • ArtsQuest Images, Plymouth Soundings Projects

    Award winning Performing Arts Center in Bethlehem, PA, built on the largest brownfield site in America. This state of the art facility has enabled significant expansion of the Musikfest, 10 day community festival, Christkindlmarkt and First Night events as well expanded delivery of other arts and educational programs to the Community.

    ArtsQuest
  • PBS – 39 Images, Plymouth Soundings Projects

    PBS-39 is a sister project to the ArtsQuest Performing Arts facility. This project enabled this public broadcasting station to build a new facility, upgrade its broadcasting equipment, expand its offerings to schools and continue to provide meaningful local programming.

    PBS – 39
  • The Tennessee Theatre Images, Plymouth Soundings Projects

    The renovation of an historic 1928-movie palace transformed the Tennessee Theatre into one of the premiere performing arts facilities in Tennessee. Scope included coordination of construction project, financing, fundraising, accounting, operations planning, cash flow and

    The Tennessee Theatre
  • Proctor’s Theatre Images, Plymouth Soundings Projects

    Teaming with Key Bank and Sherwin Williams Company, Proctor’s Theatre accessed a reduce rate New Market Tax Credit Loan, both Historic Rehabilitation and 10% Rehabilitation Federal Tax Credits, and NMTC’s.

    Proctor’s Theatre
  • The Clemens Center Images, Plymouth Soundings Projects

    Partnering with Sherwin Williams, The Clemens Center project accessed 10% Rehabilitation Tax Credits, and is also currently being considered for New Markets Tax Credits.

    The Clemens Center
  • The Fox Theatre Images, Plymouth Soundings Projects

    The Fox accessed both New Markets and Federal Historic Tax Credits in a partnership with US Bank and Enterprise Community Investment Inc. This project was concluded in 2006 and received over $13MM in New Markets and Federal Historic Tax Credits, netting approximately $8MM.

    The Fox Theatre
  • The Adler Theatre Images, Plymouth Soundings Projects

    The Adler in Davenport, IA benefited from Federal and State Historic Tax Credits as well as New Markets Tax Credits, partnering with the National Trust Community Investment Corporation, US Bank, and Iowa Business Growth. Tax Credits yielded over $11MM of project equity.

    The Adler Theatre
  • Cotton Mill Images, Plymouth Soundings Projects

    Cotton Mill State HTC’s-$3.1MM The Cotton Mill is in fact an old Cotton Mill from the early 1900’s. It is located in a severely depressed part of Roanoke and has been abandoned for many years. The building was just another derelict building in a decaying part of the City. It was recently purchased by a

    Cotton Mill
Categories:

The Clemens Center

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The Clemens Center

The Clemens Center in Elmira, NY

Project Cost-$23.2MM
HTC’s-$1.4MM

NMTC Allocation-$5.9MM

Partnering with Sherwin Williams, The Clemens Center project accessed 10% Rehabilitation Tax Credits, and is also currently being considered for New Markets Tax Credits. This project is very unique in that it involves a “pre-1936” structure intertwined with subsequent additions and a stage expansion incorporating a contiguous “pre-1936” annex for usage as additional “back of house” space and loading dock. Plymouth Soundings coordinated the 10% Tax Credit financing and is continuing to work with the Client on final funding and cost certification with auditors.

Click here to visit this theater’s website.

Photos Copyright 2008 Star Gazette. Reprinted with Permission.

Other Projects in Plymouth Soundings’ Portfolio

  • ArtsQuest Images, Plymouth Soundings Projects

    Award winning Performing Arts Center in Bethlehem, PA, built on the largest brownfield site in America. This state of the art facility has enabled significant expansion of the Musikfest, 10 day community festival, Christkindlmarkt and First Night events as well expanded delivery of other arts and educational programs to the Community.

    ArtsQuest
  • PBS – 39 Images, Plymouth Soundings Projects

    PBS-39 is a sister project to the ArtsQuest Performing Arts facility. This project enabled this public broadcasting station to build a new facility, upgrade its broadcasting equipment, expand its offerings to schools and continue to provide meaningful local programming.

    PBS – 39
  • Grundy Town Center Images, Plymouth Soundings Projects

    Years ago this rural community was wiped out by multiple floods and only now can begin to reestablish a future for its remaining residents. A new Town commercial center, anchored by Wal-Mart, was made possible through the use of New Markets Tax credit funding.

    Grundy Town Center
  • Patrick Henry Hotel Images, Plymouth Soundings Projects

    The once elegant Patrick Henry Hotel in Roanoke, VA, has been transformed into a mixed-use project that revitalizes a significant downtown landmark. Built in 1921 and a sentimental favorite in Roanoke, the brick and stone hotel has been

    Patrick Henry Hotel
  • The Tennessee Theatre Images, Plymouth Soundings Projects

    The renovation of an historic 1928-movie palace transformed the Tennessee Theatre into one of the premiere performing arts facilities in Tennessee. Scope included coordination of construction project, financing, fundraising, accounting, operations planning, cash flow and

    The Tennessee Theatre
  • The Fox Theatre Images, Plymouth Soundings Projects

    The Fox accessed both New Markets and Federal Historic Tax Credits in a partnership with US Bank and Enterprise Community Investment Inc. This project was concluded in 2006 and received over $13MM in New Markets and Federal Historic Tax Credits, netting approximately $8MM.

    The Fox Theatre
  • The Adler Theatre Images, Plymouth Soundings Projects

    The Adler in Davenport, IA benefited from Federal and State Historic Tax Credits as well as New Markets Tax Credits, partnering with the National Trust Community Investment Corporation, US Bank, and Iowa Business Growth. Tax Credits yielded over $11MM of project equity.

    The Adler Theatre
  • Cotton Mill Images, Plymouth Soundings Projects

    Cotton Mill State HTC’s-$3.1MM The Cotton Mill is in fact an old Cotton Mill from the early 1900’s. It is located in a severely depressed part of Roanoke and has been abandoned for many years. The building was just another derelict building in a decaying part of the City. It was recently purchased by a

    Cotton Mill
Categories:

PBS – 39

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PBS – 39

PBS 39 in Bethelem, PA

Project Cost-$21.5MM
NMTC Allocation – $8.4MM

PBS-39 is a sister project to the ArtsQuest Performing Arts facility. This project enabled the public broadcasting station to build a new facility, upgrade its broadcasting equipment, expand its offerings to schools and continue to provide meaningful local programming. PBS 39 received the National Broadcast and Engineering annual award for “Best Studio or RF (Radio Frequency) technology”.

Plymouth Soundings LLC provided financial coordination services, supported project accounting and reporting during construction, assisted Client in transferring the accounting function to operations, and provided additional post
completion support with compliance reporting and audits.

Other Projects in Plymouth Soundings’ Portfolio

  • ArtsQuest Images, Plymouth Soundings Projects

    Award winning Performing Arts Center in Bethlehem, PA, built on the largest brownfield site in America. This state of the art facility has enabled significant expansion of the Musikfest, 10 day community festival, Christkindlmarkt and First Night events as well expanded delivery of other arts and educational programs to the Community.

    ArtsQuest
  • Grundy Town Center Images, Plymouth Soundings Projects

    Years ago this rural community was wiped out by multiple floods and only now can begin to reestablish a future for its remaining residents. A new Town commercial center, anchored by Wal-Mart, was made possible through the use of New Markets Tax credit funding.

    Grundy Town Center
  • Patrick Henry Hotel Images, Plymouth Soundings Projects

    The once elegant Patrick Henry Hotel in Roanoke, VA, has been transformed into a mixed-use project that revitalizes a significant downtown landmark. Built in 1921 and a sentimental favorite in Roanoke, the brick and stone hotel has been

    Patrick Henry Hotel
  • The Tennessee Theatre Images, Plymouth Soundings Projects

    The renovation of an historic 1928-movie palace transformed the Tennessee Theatre into one of the premiere performing arts facilities in Tennessee. Scope included coordination of construction project, financing, fundraising, accounting, operations planning, cash flow and

    The Tennessee Theatre
  • The Clemens Center Images, Plymouth Soundings Projects

    Partnering with Sherwin Williams, The Clemens Center project accessed 10% Rehabilitation Tax Credits, and is also currently being considered for New Markets Tax Credits.

    The Clemens Center
  • The Fox Theatre Images, Plymouth Soundings Projects

    The Fox accessed both New Markets and Federal Historic Tax Credits in a partnership with US Bank and Enterprise Community Investment Inc. This project was concluded in 2006 and received over $13MM in New Markets and Federal Historic Tax Credits, netting approximately $8MM.

    The Fox Theatre
  • The Adler Theatre Images, Plymouth Soundings Projects

    The Adler in Davenport, IA benefited from Federal and State Historic Tax Credits as well as New Markets Tax Credits, partnering with the National Trust Community Investment Corporation, US Bank, and Iowa Business Growth. Tax Credits yielded over $11MM of project equity.

    The Adler Theatre
  • Cotton Mill Images, Plymouth Soundings Projects

    Cotton Mill State HTC’s-$3.1MM The Cotton Mill is in fact an old Cotton Mill from the early 1900’s. It is located in a severely depressed part of Roanoke and has been abandoned for many years. The building was just another derelict building in a decaying part of the City. It was recently purchased by a

    Cotton Mill
Categories:

Proctor’s Theatre

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Proctor’s Theatre

Proctor’s Theatre in Schenectady, NY

Project

Cost-$43.9MM

HTC’s-$6.8MM
State

Credits-$9.8MM

NMTC Allocation-$2.1MM

Proctor's TheatreTeaming with Key Bank and Sherwin Williams Company, Proctor’s Theatre accessed a reduce rate New Market Tax Credit Loan, both Historic Rehabilitation and 10% Rehabilitation Federal Tax Credits, and NMTC’s. This theatre project had several unique elements including a heating plant, historic theatre on the National Register, and a contiguous property that was a “pre 1936” building that qualified for 10% credits. The project was completed in multiple phases and involved three separate closings.

Plymouth Soundings acted as the Financial Coordinator for multiple tax credit financing, integrated the tax credit deal structures with the financing already in place and additional financing subsequently acquired, assisted the Client in segregating costs between the relevant components of the project and related differing Tax Credit applications, establishing accounting for new entities, tracking intercompany activity and setting up the necessary procedures for compliance with the Historic and New Markets Tax Credits.

 

Services are ongoing and include assistance in special transactions as well as preparation for and support during the annual multi company audit and consolidation.

The League of Historic American Theatres, celebrating leadership among historic theatres throughout North America, presented its 2009 Outstanding Historic Theatre Award to Proctors in Schenectady, NY.

proctors theatre center stage viewM/E Engineering and Proctor’s Theatre was honored in 2008 by the Preservation League of New York with the “Excellence in Historic Preservation Award.”

Click here to visit this theater’s website.

Other Projects in Plymouth Soundings’ Portfolio

  • ArtsQuest Images, Plymouth Soundings Projects

    Award winning Performing Arts Center in Bethlehem, PA, built on the largest brownfield site in America. This state of the art facility has enabled significant expansion of the Musikfest, 10 day community festival, Christkindlmarkt and First Night events as well expanded delivery of other arts and educational programs to the Community.

    ArtsQuest
  • PBS – 39 Images, Plymouth Soundings Projects

    PBS-39 is a sister project to the ArtsQuest Performing Arts facility. This project enabled this public broadcasting station to build a new facility, upgrade its broadcasting equipment, expand its offerings to schools and continue to provide meaningful local programming.

    PBS – 39
  • Grundy Town Center Images, Plymouth Soundings Projects

    Years ago this rural community was wiped out by multiple floods and only now can begin to reestablish a future for its remaining residents. A new Town commercial center, anchored by Wal-Mart, was made possible through the use of New Markets Tax credit funding.

    Grundy Town Center
  • Patrick Henry Hotel Images, Plymouth Soundings Projects

    The once elegant Patrick Henry Hotel in Roanoke, VA, has been transformed into a mixed-use project that revitalizes a significant downtown landmark. Built in 1921 and a sentimental favorite in Roanoke, the brick and stone hotel has been

    Patrick Henry Hotel
  • The Tennessee Theatre Images, Plymouth Soundings Projects

    The renovation of an historic 1928-movie palace transformed the Tennessee Theatre into one of the premiere performing arts facilities in Tennessee. Scope included coordination of construction project, financing, fundraising, accounting, operations planning, cash flow and

    The Tennessee Theatre
  • The Clemens Center Images, Plymouth Soundings Projects

    Partnering with Sherwin Williams, The Clemens Center project accessed 10% Rehabilitation Tax Credits, and is also currently being considered for New Markets Tax Credits.

    The Clemens Center
  • The Fox Theatre Images, Plymouth Soundings Projects

    The Fox accessed both New Markets and Federal Historic Tax Credits in a partnership with US Bank and Enterprise Community Investment Inc. This project was concluded in 2006 and received over $13MM in New Markets and Federal Historic Tax Credits, netting approximately $8MM.

    The Fox Theatre
  • Cotton Mill Images, Plymouth Soundings Projects

    Cotton Mill State HTC’s-$3.1MM The Cotton Mill is in fact an old Cotton Mill from the early 1900’s. It is located in a severely depressed part of Roanoke and has been abandoned for many years. The building was just another derelict building in a decaying part of the City. It was recently purchased by a

    Cotton Mill
Categories:

ArtsQuest

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ArtsQuest

ArtsQuest in Bethelem, PA

Project Cost-$33.8MM
NMTC Allocation – $10.1MM

Award winning Performing Arts Center in Bethlehem, PA, built on the largest brownfield site in America. This state of the art facility has enabled significant expansion of the Musikfest, 10 day community festival, Christkindlmarkt and First Night events as well expanded delivery of other arts and educational programs to the Community. This project was the beneficiary of NMTC’s. Plymouth Soundings acted as the Financial Coordinator during the project provided guidance during construction, assisted the Client in transitioning their accounting systems to a compliant operational mode and lead the Client through the project closeout and audit processes.

ArtsQuest Center at SteelStacks in Bethlehem wins International Architecture Award

ArtsQuest Center - SteelstacksThe ArtsQuest Center at SteelStacks has won an international architecture award. The performing arts center, designed by Bethlehem-based Spillman Farmer Architects, was chosen in the urban transformation category for the Architizer A+ Awards. The ArtsQuest Center was selected by a panel of more than 200 members, including architects, developers and museum curators. It’s the first time Architizer has granted annual awards. This category honors architecture that revitalizes neglected areas and results in lively community spaces. The ArtsQuest Center, which includes the Musikfest Café concert venue, two independent movies theaters and several other performance spaces, was built on former Bethlehem Steel Corporation land and overlooks the company’s iconic blast furnaces. Spillman Farmer has been honored several times for its design of the ArtsQuest Center, including receiving the Pennsylvania chapter of the American Institutes of Architects top award in 2012.

American Institute of Architects, Pennsylvania, gives Bethlehem’s Spillman Farmer its highest honor, a Silver Medal, for ArtsQuest Center at SteelStacks.

The American Institute of Architects, ArtQuest RenovationPennsylvania, has awarded a Silver Medal, the organization’s highest honor, to Spillman Farmer Architects of Bethlehem for their design of the ArtsQuest Center at SteelStacks. AIA jurors praised the project saying, “The design captures the energy and utilitarian beauty that the best of the industrial revolution once offered. At the same time it demonstrates the power that a truly successful marriage of architecture and program can exert in bringing new purpose and hope to the most abandoned parts of our community.”

The ArtsQuest Center, which opened almost a year ago in the shadow of the iconic, 285-foot-tall Bethlehem Steel blast furnaces, is home to the Musikfest Café, the Frank Banko Alehouse Cinemas, a gift shop and a number of other spaces for performance and private and community functions. The building is wrapped with locally-manufactured pre-cast concrete panels, which are mounted with their rough, hand-screed surface facing outward. The Center’s panels celebrate both the process and the people that produced them, by revealing the marks of their production. Inserted within this structural concrete strongbox is a skeletal steel frame that honors the site’s steelmaking history. The skeleton is finished in International Orange, an iconic color borrowed from many of Bethlehem Steel’s most recognizable fabrication projects, including the Golden Gate Bridge. It is a $26.6 million, 66,000-square-foot centerpiece of an arts, entertainment and tourism district still being developed at the western end of the Bethlehem Steel brownfield. This is no less than the second major architectural recognition the project has received since opening.

Earlier this year, the ArtsQuest Center was nominated and under consideration to be a “Building of the Year,” by ArchDaily, an international architectural Website.

 

Click here to visit this theater’s website.

Other Projects in Plymouth Soundings’ Portfolio

  • PBS – 39 Images, Plymouth Soundings Projects

    PBS-39 is a sister project to the ArtsQuest Performing Arts facility. This project enabled this public broadcasting station to build a new facility, upgrade its broadcasting equipment, expand its offerings to schools and continue to provide meaningful local programming.

    PBS – 39
  • Grundy Town Center Images, Plymouth Soundings Projects

    Years ago this rural community was wiped out by multiple floods and only now can begin to reestablish a future for its remaining residents. A new Town commercial center, anchored by Wal-Mart, was made possible through the use of New Markets Tax credit funding.

    Grundy Town Center
  • Patrick Henry Hotel Images, Plymouth Soundings Projects

    The once elegant Patrick Henry Hotel in Roanoke, VA, has been transformed into a mixed-use project that revitalizes a significant downtown landmark. Built in 1921 and a sentimental favorite in Roanoke, the brick and stone hotel has been

    Patrick Henry Hotel
  • The Tennessee Theatre Images, Plymouth Soundings Projects

    The renovation of an historic 1928-movie palace transformed the Tennessee Theatre into one of the premiere performing arts facilities in Tennessee. Scope included coordination of construction project, financing, fundraising, accounting, operations planning, cash flow and

    The Tennessee Theatre
  • Proctor’s Theatre Images, Plymouth Soundings Projects

    Teaming with Key Bank and Sherwin Williams Company, Proctor’s Theatre accessed a reduce rate New Market Tax Credit Loan, both Historic Rehabilitation and 10% Rehabilitation Federal Tax Credits, and NMTC’s.

    Proctor’s Theatre
  • The Clemens Center Images, Plymouth Soundings Projects

    Partnering with Sherwin Williams, The Clemens Center project accessed 10% Rehabilitation Tax Credits, and is also currently being considered for New Markets Tax Credits.

    The Clemens Center
  • The Fox Theatre Images, Plymouth Soundings Projects

    The Fox accessed both New Markets and Federal Historic Tax Credits in a partnership with US Bank and Enterprise Community Investment Inc. This project was concluded in 2006 and received over $13MM in New Markets and Federal Historic Tax Credits, netting approximately $8MM.

    The Fox Theatre
  • The Adler Theatre Images, Plymouth Soundings Projects

    The Adler in Davenport, IA benefited from Federal and State Historic Tax Credits as well as New Markets Tax Credits, partnering with the National Trust Community Investment Corporation, US Bank, and Iowa Business Growth. Tax Credits yielded over $11MM of project equity.

    The Adler Theatre
Categories:

The Adler Theatre

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The Adler Theatre

The Adler Theatre

Project

Cost-$17.7MM

HTC’s-$2.8MM
State

Credits-$3.6MM

NMTC Allocation-$5.1MM

The Adler in Davenport, IA benefited from Federal and State Historic Tax Credits as well as New Markets Tax Credits, partnering with the National Trust Community Investment Corporation, US Bank, and Iowa Business Growth. Tax Credits yielded over $11MM of project equity. Plymouth Soundings acted as the Financial Coordinator for the project with multiple investors, banks, CDE and state regulatory authorities.

This Theatre provided several unique challenges in that its completion and application for Federal Historic Tax Credits had to coordinate with the completion of another, separately owned and developed project that was physically a part of the overall facility structure. Plymouth Soundings worked with Client to manage multiple stakeholder information needs. This included oversight of monthly cash flows during the construction period, preparation of the monthly draw requests of all invoices requiring payment and defining related funding sources for each draw. Coordination for close out of respective construction loans and rollovers to permanent funding was also provided.

As project was completed, Plymouth Soundings worked closely with regional accounting firm to establish ongoing protocols and cash flow requirements that would be recorded by accounting staff. Plymouth Soundings continues to provide ad hoc guidance and assistance as needed during the project compliance period.

Click here to visit this theater’s website.

the adler theatre balcony

The Adler Theatre Balcony

Other Projects in Plymouth Soundings’ Portfolio

  • ArtsQuest Images, Plymouth Soundings Projects

    Award winning Performing Arts Center in Bethlehem, PA, built on the largest brownfield site in America. This state of the art facility has enabled significant expansion of the Musikfest, 10 day community festival, Christkindlmarkt and First Night events as well expanded delivery of other arts and educational programs to the Community.

    ArtsQuest
  • PBS – 39 Images, Plymouth Soundings Projects

    PBS-39 is a sister project to the ArtsQuest Performing Arts facility. This project enabled this public broadcasting station to build a new facility, upgrade its broadcasting equipment, expand its offerings to schools and continue to provide meaningful local programming.

    PBS – 39
  • Grundy Town Center Images, Plymouth Soundings Projects

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The Tennessee Theatre

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The Tennessee Theatre

Tennessee Theatre in Knoxville, TN

Project Cost-$31.5MM
HTC’s-$5.1MM

NMTC Allocation-$2.4MM

The renovation of an historic 1928-movie palace transformed the Tennessee Theatre into one of the premiere performing arts facilities in Tennessee. Scope included coordination of construction project, financing, fundraising, accounting, operations planning, cash flow and budget management. This was the first theatre project ever submitted to the National Park Service that “twinned” Historic Rehabilitation Tax Credits and New Markets Tax Credits, and one of the first three “twinned” projects by the Bank of America Fund. This project was completed at the end of 2004 “on time, and under budget” and received recognition and an award from the National Trust of Historic Preservation.

the tennessee theatre lobby chandeliers

the tennessee theatre marqueePlymouth Soundings acted as Client Representative for Tax Credit financing, design and construction of the Theatre through completion, project cost certification, start up, establishment of new accounting systems for multiple entities and final investor funding. Additional services included assistance and participation in selection of the Project Financing Team, and nationally recognized legal and accounting firms required to accomplish the Tax Credit financing. Plymouth Soundings also assisted in selection of Construction Contractor and worked closely with the Client, Contractor, Architect and Auditors to define costs that qualified for Historic Tax Credits. This was particularly critical because this project provided not only for the rehabilitation of the Historic Structure, but also the expansion of the stage.

Plymouth Soundings provided all monthly documentation required by banks, the Client board and Investors during the construction period and managed related cash flows with Client, Investor, and multiple Banks. Assistance was also provided for the initial audit of the new entities, established the protocol for ongoing accounting procedures, and transitioned same to the Client’s ongoing staff.

the tennesse theatre stage

Click here to visit this theater’s website.

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