I suppose that by now everyone has started wondering whether or not anything was still happening with the Theater Project. Although the process is slow, there are several things that have taken place in the last year and a half, and this blog will catch all who are interested up on the process and keep everyone up to date on what’s going on.
In the last 1.5 years:
We have had a Brownfield Assessment completed and passed. This determined whether or not there were any contaminates such as petroleum from the Theater or local businesses that had seeped into the ground in or around the Theater.
The Booneville Theater Project has teamed up with the Historical and Cultural Preservation Committee, and Owsley County Tourism and applied and received our non-profit status under an alliance called the Owsley County Alliance for Recreation and Entertainment, INC (OCARE).
The second process to finding out whether or not the purchase of the Old Theater was feasible and worthwhile--was to get a quote for cleanup. The first quote that we have had was for lead and mold cleanup and it came from a company in Erlanger Kentucky. They sent someone down to give us a quote for the cleanup. The total cost (minus asbestos) is a little over $46,000.00; however, they could not give us a quote on asbestos cleanup until we have a risk assessment ran.
We are currently in the process of trying to raise money for this assessmentt which is going to cost us around $1600.00. We have about half of the money for this assessment but we could use donations of another $800.00 – 900.00 to get this conducted.
This risk-assessment will help us know just how big a challenge we are facing. The cleanup company told us that if there is asbestos---the quote they gave us will probably needed to be doubled or tripled.
The good news is----that any cleanup company that we hire---will come into the theater and gut the whole insides out. They will haul off all materials and seal the walls to prevent mold from permeating or contaminating the air quality.
As many of you already know, the owner of the Theater is asking our committee $110,000 for this property. We also know that we may wind up spending between $46,000, to $150,000 to clean up the property and we anticipate spending a minimum of $150,000 to restore the Theater. The project could cost roughly anywhere from $308,000 to $400,000+.
The good news is--- there are some grants for cleanup and restoration, but the bad news is---there are no grants for purchasing, or an asbestos risk assessment to see what future cost we are facing.
So-------we are doing a long term analysis to find out if it’s worth our while and if there is enough community support for us to proceed. Currently, the project has some funds on hand that have been collected and donated---but we really need A LOT more in order to proceed.
Although $110,000 is a lot of money for one person to come up with, (as well the $1600 we need to do an asbestos risk assessment) it isn’t a lot for multiple people to come up with.
To put that into perspective:
If 116 people were to donate $1000 each, we could raise $111,600.
If 1116 people were to donate $100 each, we could raise $111,600.
If 2232 people were to donate $50 each, we could raise $111,600.
If 4464 people were to donate $25 each, we could raise $111,600.
We are currently taking online donations on this site and we are hosting a Color Run on May 16, 2015 at Lone Oak Industrial Park, Booneville, KY.
I've heard a lot of people say that "I hope that they can do that," but I would like to hear more people say that "we will do this." Would you please take a few moments to make an online donation. All money is tax-deductible and only WE can make this happen. Thank you!!