Nonprofit operator asks Anchorage Municipality for $4 million management fee to stave off PAC decline
The Alaska Center for the Performing Arts told the Anchorage Assembly it is seeking an increase in the municipal management fee from $1.58 million to $4 million, outlined tens of millions of dollars in deferred maintenance, described a paused Broadway season, and laid out near-term decision dates and fundraising plans.
The full story
Cody Castello, president and chief operating officer of Alaska Center for the Performing Arts Inc. (ACPA), told an Anchorage Assembly work session that the nonprofit operator of the Municipality-owned performing arts center (the PAC) is asking the Municipality to increase the annual municipal management fee from $1,580,000 to $4,000,000 to stabilize operations and address urgent facility needs.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
Keep reading for free
Create a free account to finish this story and see the video, transcript and key details.
Continue with GoogleContinue with emailAlready have an account? Log in