The Hanover Theatre purchased a vacant neighboring building for $1.1 million and plans to redevelop the structure for offices, rehearsal studios, meeting space and a restaurant. The theatre expects the total cost of buying and renovating the three-floor structure to hit $3.5 million. The theatre’s decision to acquire its next-door neighbor came on the heels of a capital campaign that raised about $2.9 million, reducing the theatre’s debt from its historic restoration to less than $2 million.
The Theatre District Campaign, launched on June 2, 2016 at the Ribbon Cutting Ceremony takes a broader view of the role The Hanover Theatre can play in creating a 21st centruy cultural destination in Worcester.
The completed facility will be programmed as follows:Ground floor - restaurant: We will seek to sub-lease this space. A restaurant easily walkable from the theatre will improve our customer service, enabling patrons to park once for both dinner and a show; or to stay afterward for dessert and coffee. This will be another major step forward in leveraging the theatre to revitalize our portion of Main Street. Second floor – administrative offices and function space: The theatre has grown steadily over the past six years and is now bursting at the seams for office and support space. In addition, the building offers opportunity for public function space that is sorely needed, as the only space where we can currently accommodate pre- or post-show receptions is needed for the theatre’s Franklin Square Society or internal events. Basement level - Performing Arts Conservatory: Finally, the basement level of the building will give us the space we need to grow and deepen our youth, education, and outreach programs. Read more here.
We gratefully acknowledge the generosity of the following foundations for their support of the theatre’s acquisition of the former Goral Building at 551 Main Street:
The George I. Alden Trust
Bay State Savings Bank
The Jeanne Y. Curtis Trust
Mary C. DeFeudis
The Ruth H. and Warren A. Ellsworth Foundation
Patty and Fred Eppinger
The Fred Harris Daniels Foundation
The Fletcher Foundation
The George F. and Sybil H. Fuller Foundation
The Albert J. Gifford Charitable Trust
The Hanover Insurance Group Foundation
The Francis A. and Jacquelyn H. Harrington Foundation
The Hoche-Scofield Foundation
Massachusetts Cultural Facilities Fund
The McDonough Charitable Foundation
The Mildred H. McEvoy Foundation
Amelia Peabody Charitable Fund
The Schwartz Charitable Foundation
The Stoddard Charitable Trust
-List current as of May 20, 2016