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The project cost is estimated at $3.2 million, $1.4 to buy the building and about $1.8 million to reconfigure it for our programs and staff. The Arc itself will contribute $1.15 million to the project through the sale of its Boone and Indiana Avenue buildings. The remaining $2.05 million will be raised through a capital campaign.
|
ITEM |
EXPENSE |
REVENUE |
| Purchase 320 E. 2nd Ave. |
$1.4 million |
|
| Renovate 320 E. 2nd Ave. |
$1.8 million |
|
| Proceeds from 127 W. Boone Ave. |
|
$450,000 |
| Proceeds from 116 W. Indiana Ave. |
|
$700,000 |
| Capital Campaign |
|
$2.05 million |
| TOTAL |
$3.2 million |
$3.2 million |
We have raised about $1.4 million of our $3.2 million goal (about 44 percent).
With a $1,000 gift to our Building Our Future Together campaign, your name will be part of a permanent display at the new building. To donate, click here. To see a list of donors, click here.
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