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Mayor Menino & Boston Conservatory to Break Ground on New Building

BOSTON, MA—The Boston Conservatory, together with Mayor Thomas Menino, will break ground on the “Hemenway Project” this Thursday, May 14, 2009, at 5 p.m. at 31 Hemenway Street in the Fenway. The Hemenway Project” is the $30 million renovation and expansion of the Conservatory’s 60-year old theater building at 31 Hemenway Street. The project, once completed in fall 2010, will add 16,000 square feet of new rehearsal and studio performance space, as well as air conditioning, handicapped accessibility, improved seating and a host of technical upgrades in the 340-seat theater. It is the first major facilities initiative undertaken by the institution in 50 years.

For the ceremonial groundbreaking, Menino will join Boston Conservatory President Richard Ortner; Board Chairman Al Houston; Board Vice Chairman Curtis Kemeny and a host of students, faculty, staff, trustees and Hemenway Project team members to don hard hats and celebrate the groundbreaking of the 16-month project, intended to transform and dramatically improve the educational and performance experience for students, faculty and patrons.

The Hemenway Project team includes architecture by Handel Architects, construction by Lee Kennedy Co. (Quincy, MA), construction project management by KVAssociates (Boston, MA) and relocation by Diversified Project Management (Newton, MA).

Funding for the $30 million Hemenway Project comes from a mix of financing and fundraising. The Conservatory has secured a $12 million long term loan through Wainwright Bank and secured an additional $5.6 million through the US Treasury Department’s New Markets Tax Credit program. The Massachusetts Housing Investment Corporation (MHIC) acted as principal syndicator of those credits, with participation of the Nonprofit Finance Fund and Coastal Enterprises, Inc., of Maine.

On the fundraising side, the Conservatory will raise $12 million in contributed funds as part of the Conservatory’s first capital campaign, which has an overall goal of $16 million. To date, the Conservatory has raised a total $10 million ($7 million for the Hemenway Project and the remainder for the annual fund and the endowment). Funding for the Hemenway Project has also been provided, in part, by the Cabot Family Charitable Trust and the Massachusetts Cultural Facilities Fund, a program of the Commonwealth of Massachusetts, administered through a collaborative arrangement between MassDevelopment and the Massachusetts Cultural Council.

For more information about the Hemenway Project, visit:www.bostonconservatory.edu/hemenwayproject.

About The Boston Conservatory
The Boston Conservatory trains exceptional young performing artists for careers that enrich and transform the human experience. Known for its intimate and supportive multi-disciplinary environment, The Boston Conservatory offers fully accredited graduate and undergraduate programs in music, dance and theater, and presents more than 200 performances each year by students, faculty and guest artists. Since its founding in 1867, The Boston Conservatory has shared its talent and creativity with the city of Boston, the region and the nation, and continues to grow today as a vibrant community of artists and educators. For more information, visit www.bostonconservatory.edu.

Contact:
Joyce Linehan
(617) 282-2510
joyce@ashmontmedia.com

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