Paramount CEO outlines $66 million 'ShineOn' renovation, seeks bond support
Paramount CEO Jim Ritz presented the 'ShineOn' campaign to renovate the Paramount and State Theaters, citing a $66 million construction estimate, a $34 million campaign target (about $28 million raised so far) and a request for up to $25 million via a November bond to complete the work.
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Jim Ritz, chief executive of the Austin Theatre Alliance and CEO of the Paramount, told the Austin Tourism Commission on March 11 that the Alliance's ShineOn capital campaign will fund an extensive renovation of the downtown Paramount and the adjacent State Theater.
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