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SDNews.com
Home News

NTC Foundation lands $20.2M for renovation work for its arts, cultural district

Tech by Tech
October 19, 2011
in News, No Images, Peninsula Beacon
Reading Time: 1 min read
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The NTC Foundation at Liberty Station in Point Loma has reportedly secured more than $20 million in financing to complete Phase 2 of NTC Promenade, San Diego’s growing destination for arts, culture and creativity at the former Naval Training Center (NTC). The $20.2 million program will be used to renovate an additional eight of the 26 historic buildings designated by the city for the NTC Foundation’s stewardship. Seven buildings have already been completed and are home to 40 artists, galleries, dance companies, arts organizations and nonprofit offices. Indoor and outdoor venues are also booked by the foundation for community, corporate and private events, along with meetings, weddings and festivals. The Phase 2 buildings total 53,188 square feet of space within seven former barracks buildings located along the North Promenade at Liberty Station, and the old officer’s quarters located at the corner of Rosecrans and Dewey streets. The buildings were among those constructed in 1923 at what was then Naval Training Station San Diego. Nearly 70 percent of the Phase 2 space is already committed to an impressive roster of San Diego’s community of artists, galleries, nonprofit organizations and specialty retail, all scheduled for a spring 2012 opening. Funding of the Phase 2 program required a coalition of public and private partners, including the city’s redevelopment agency, the California Cultural and Historical Endowment and the county. The financing includes nearly $8.8 million in federal historic and new markets tax credit equity. For more information, call (619) 573-9315.

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