Emanuel and 19th Ward Ald. Matt O’Shea announced plans for a Beverly Arts Center Challenge, a campaign to raise $500,000 from community residents to save the cultural center.
The center’s financial problems apparently stem from a 2002 building campaign that was projected to cost $7 million initially, but cost $12 million.
Fifth Third Bank, which holds the loan on the property, was about to foreclose when Emanuel intervened and the bank offered to reduce the arts center’s debt by $2 million if citizens, businesses and philanthropic donors raised $500,000 in one year.
Kadner: Effort launched to save Beverly Art Center - Southtown Star
southtownstar.suntimes.com/.../kadner-effort-launched-to-save-beverly-a...2 days ago - 26, 2013, that the city is donating $250,000 in an effort to save the Beverly Arts Center, 111th Street and Western Avenue, from financial crisis ...Beverly Arts Center to Unveil Debt Forgiveness and Fundraising Plan
beverly-mtgreenwood.patch.com/.../arts.../beverly-arts-center-to-unveil-...3 days ago - Faced with about $4.7 million in mortgage debt theBeverly Arts Center has been in tenuous financial straights for the past several years. A new ...News for beverly art center financial
- Chicago Tribune - 2 days ago"At the end of the day, we want the Beverly Arts Center to be as profitable and successful as possible." O'Shea said the financialproblems at ...
Emanuel touts bank bailout of Southwest Side arts center - Chicago ...
articles.chicagotribune.com › Featured Articles2 days ago - Actors perform in the "Three little Pigs" play at theBeverly Art Center at 2407 West ... a deal to help bail out the financially struggling Beverly Arts Center. ... O'Shea said thefinancial problems at the center have been growing ... Mayor Emanuel Announces NATO Legacy Funds to Help Financially ...
www.enewspf.com/.../46634-mayor-emanuel-announces-nato-legacy-fu...2 days ago - “For four decades, the Beverly Arts Center has given generations of children and families the ability to experience world-class art and art ...Arts Center Revitalized with NATO Funds - Chicago CIty Hall ...
www.examiner.com/article/arts-center-revitalized-with-nato-funds2 days ago - ... funds will be donated to support the financialrevitalization of the. ... “For four decades, the Beverly Arts Centerhas given generations of ...Beverly Arts Center (Art Beverly Center Inc) - Chicago, Illinois (IL ...
www.manta.com/c/mmjrwkf/beverly-arts-center... company profile in Chicago, IL. Our free company profile report for Beverly Arts Center includes business information such as contact, sales and financial data.First American Bank Grant Puts Beverly Arts Center Name in Lights
www.bapa.org › Neighborhood EventsA community-centered, privately held financial institution, First American Bank contacted the Beverly Arts Center soon after it opened its Morgan Park Branch to... Nonprofit Report for BEVERLY ART CENTER - GuideStar
www.guidestar.org/organizations/36-6165922/beverly-art-center.aspxBEVERLY ART CENTER. Physical Address: Chicago, IL 60655; EIN: 36-6165922; Web URL: www.beverlyartcenter.org. DetailedFinancial and People Data ...
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