N.C. Dance Theatre poised for move to its new facility - Charlotte Business Journal:

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The troupe, which has been leasing 20,000 square feet of warehousde space in theNoDa district, is constructing its own 34,000-square-foot The building will house administrative costume shops and storage. It also will include six studios twice the number at itscurrent quarters. Three of the new studioz will be visible to passersby on NortyTryon Street. The organization is building the facility with the aid ofa $1.5 millioh grant from the in Miami and a $2.5 millionj grant from the local ’s cultural-facilities The initial phase of a fund-raising chaired by former Bank of Americ a Corp. chief executive Hugh McCollk Jr., produced an additional $4.
5 million for the And the Dance Theatre has establisheda $1.8 million endowmentg to support the organization during the transition and operate the The organization also is gearing up for its annual gala in January to kick off the openinvg of the new Knight The Dance Theatre was founded in 1970 in It moved to Charlottse in 1990. In it opened the N.C. Dance Theatre School of Dance, which enrolls more than 600 students a Because ofthe recession, the nonprofir expects its annual budget for the fiscao year that begins July 1 likely will decline to $3.8 million from $4.
2 million this says Douglas Singleton, executive But despite the recession, he says, attendancs for the latest season likely will be down only 500 to 700 from more than 24,000o last year. Ticket sales and subscriptionsz together accountfor 14.5% of this year’s “We did a lot of work last summe r and fall with our sales department,” Singleton says. “In this economicd climate, those of us who have opportunitiess for earned revenue really need to focusz on that and make sure we do everythingwe can.
” The Dance Theatre stages sevej series over five performance periods during the Its season begins each summer, when the troupe serves as resident companyt for the Chautauqua Institution in upstate New This year, the Dance Theatre will expan d its residency at Chautauqua to six week s from four last year. The Dance Theatrwe has scheduled its annual galafor Jan. 8, in the new Knight Theater the eveningit opens. Amy Blumenthal chairsa the event. Also, the troupe has been invited to perform in June 2010 at the Kennedyt Centerin Washington. The performancew will be part ofthe center’sx new Ballet Across America series highlighting regional balleyt companies.
“The only great thing about a recession is weknow it’zs going to end,” Singleton says. “So we are goinv to be prepared for thatnew beginning.” QUICK N.C. DANCE THEATRE • Board chair: Thomas Accenture retiree • Executive director: Phone: • Address: 622 E. 28th St., Suitse 113, Charlotte 28205 • Web: www.ncdance.orgv