Helpful Resources for your Colonial Theater story.
The Colonial Theater development project in Laconia, NH is comprised of three distinct mixed-use developments which include renovations of the historic Colonial Theater, renovation of former apartment units into a marketable residential use and four storefront commercial units. The total sq. footage of the property is approximately 39,000 and it is located in Downtown Laconia.
The Theater will be rebuilt with modern technology, accessibility upgrades, extensive historic rehabilitation and have capacity for 750 patrons. It will be able to host various types of cultural arts activities including live stage performances and musical acts. The City of Laconia will be the master tenant of the theater and manage its’ operations. The residential units will include fixtures and features that are sought after by millennial and baby-boomers alike and add an attractive building to the downtown area which will increase property values. The project is one of the largest historic preservation projects in state history, while its’ design,
performance and technical capacity, will make it one of the most advanced civic auditoriums in New Hampshire.
A project of this size requires significant partnership with many investors including the City of Laconia, federal and state economic development tax incentives programs, business and community support, partnership with the Cultural Arts Center of the Lakes Region (CACLR), and grant awards to build a funding plan for construction which currently totals $14 million. The current project schedule plans for construction to last about a year and start in fall 2019.
Belknap EDC is one of ten non-profit regional development corporations in the state of NH. Since its inception in 1992, Belknap EDC has brought $3.9 million in new capital to Belknap County in the form of federal grants and loans that comprised the seed capital for its revolving loan fund. Belknap EDC has used this capital to make loans to 85 Belknap County businesses, which leveraged over $75 million in capital from other sources and created or retained over 1,700 jobs. Its loan fund continues to assist new and growing businesses who cannot access 100% of the financing they need from conventional sources. Belknap EDC works to retain and attract talented people to Belknap County, support entrepreneurs in Belknap County, enhance workforce development programs in the Lakes Region, and serve as a catalyst for development in the region. For more information, visit BelknapEDC.org.