Developments > Boston Conservatory
Using MHIC’s $9.5 million in New Markets Tax Credit financing with US Bank CDC as the sole investor, The Boston Conservatory – the oldest performing arts conservatory in the nation – created a new, 40,000 square-foot state-of-the-art performing arts center. All told, the project involved adding two large-volume dance studios, a theater studio, music rehearsal and performance space, an orchestra pit, and other state-of-the-art amenities. This was The Boston Conservatory’s first major building initiative in 40 years. Adding new space was part of the school’s strategy to maintain its reputation as one of the leading performing arts schools in the country.
Boston Conservatory
Project at a Glance:
Location:
Boston
Development Type:
Commercial
Project Type:
New construction
MHIC Financing:
$9,500,000 in NMTC financing
Sponsor:
The Boston Conservatory
Date Completed:
9/02/2010
Using MHIC’s $9.5 million in New Markets Tax Credit financing with US Bank CDC as the sole investor, The Boston Conservatory – the oldest performing arts conservatory in the nation – created a new, 40,000 square-foot state-of-the-art performing arts center. All told, the project involved adding two large-volume dance studios, a theater studio, music rehearsal and performance space, an orchestra pit, and other state-of-the-art amenities. This was The Boston Conservatory’s first major building initiative in 40 years. Adding new space was part of the school’s strategy to maintain its reputation as one of the leading performing arts schools in the country.