Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Theater Financing topic
No spam. Unsubscribe anytime.
Hartsville theater renovation progresses but still needs major funds; city and backers weigh bonds and loans
Summary
Presenters told council the downtown Center/theater is restored structurally and fitted with new lighting and sound but still faces a funding shortfall after $1.6 million in work; staff and theater leaders discussed bonds, a USDA loan and private gifts as options to complete interior work and seating ahead of a targeted opening.
Get email alerts on the Theater Financing topic
No spam. Unsubscribe anytime.
A guest presenter updated the Hartsville City Council on the longtime downtown Center/theater renovation, saying crews have completed extensive waterproofing and system upgrades but that the project still requires additional financing to finish interior work and seating.
The presenter said the project has spent about $1.6 million so far, citing roughly $800,000 for waterproofing and an unexpected $140,000 electrical restoration as major discovery costs. The auditorium has been repaired and repainted, new lighting and a state-of-the-art sound system installed, and an estimated $270,000 will be required to replace seating; the team has sold many seats already to donors.
The theater’s operating model assumes expanded capacity (from about 847 to 900 seats), a mix of 12 “anchor” events per year that may cost $40,000–$80,000 each to book, and average utilization assumptions in the presenter’s pro forma that would allow the venue to operate sustainably once open. The presenter emphasized the importance of anchor acts to fill seats and generate revenue, while acknowledging that some events must be contracted a year in advance.
Council and staff discussed realistic funding options. City staff noted earlier contributions and in-kind support but stressed they are not expecting large direct operating subsidies from the county or the city’s general fund. Possible next steps mentioned in the meeting included pursuing a U.S. Department of Agriculture loan, soliciting additional private donations and considering bond financing to bridge the remaining gap. Staff recommended the theater’s leadership consider borrowing options and said the city would consider narrowly scoped contributions only after the presenter demonstrates secured matching funds or a completed financing plan.
The presenter said a contractor (referred to in remarks as North Industrial) estimated six to seven months for interior completion once work resumes, and the group has tentatively targeted a grand opening late March of next year, while acknowledging delays are possible. Council members repeatedly encouraged continued fundraising and suggested that formalized debt (a bond or similar instrument) could be a pragmatic way to reach the finish line if private donations fall short.
Next steps: theater leaders and city staff will continue to detail remaining needs and financing pathways; presenters signaled they will pursue appropriations, philanthropic gifts and loans, and the council said it would consider specific, itemized city contributions if and when the theater secures matching commitments.

