GOSHEN — A local nonprofit organization has finalized its purchase of The Goshen Theater at 11 a.m. Friday, June 13.
Goshen Theater Inc. board president Gina Leichty said the organization purchased the property for a total cost of $200,000 from Downtown@8:08, a Goshen church.
Goshen Theater Inc. plans to open the theater to the public as a performance space for musical and stage shows, movie screenings, community gatherings and business meetings.
The nonprofit secured a $150,000 loan from the Goshen Redevelopment Commission for the purchase of The Goshen Theater and are currently raising funds for the rest of the $50,000.
Goshen Theater Inc. is able to defer part of the payment for the property as part of a purchase agreement with Downtown@8:08.
Goshen Theater Inc. started around late 2009. The nonprofit sought architecture and interior design firm Westlake Reed Leskosky to conduct a feasibility study to evaluate the financial viability of purchasing The Goshen Theater. The study was completed in 2012.
The feasibility study found that it would cost around $9.5 million to renovate The Goshen Theater so that it meets current local, state and federal building codes, according to Leichty. Construction costs alone total $7.1 million dollars.
The summary of the feasibility study on Goshen Theater’s website details the necessary renovations for the property. You can find the full feasibility study here.
The Goshen Theater was constructed in 1905 and has only been renovated once in 1948 to add new seats and a V-shaped marquee. There have only been aesthetic renovations to The Goshen Theater since then.
The property currently requires technical, mechanical, electrical and plumbing upgrades to meet several building codes. For example, The Goshen Theater does not meet the Americans with Disabilities Act’s (ADA) standards.
Goshen Theater Inc. assembled a formal board in 2013 to raise funds to purchase the property and to carry out the vision of the feasibility study, Leichty said.
The nonprofit does not have a specific date for when renovations will begin but expects to begin in 18 months or two years. The organization will meet the cost of renovating Goshen Theater through grants, tax credits and a fundraising campaign.