Bill Blake, B Street’s managing director, said construction is tentatively scheduled to begin May 19 for the new theater at 27th Street and Capitol Avenue. The City Council is expected to vote Tuesday night to finalize loan agreements with the theater and other lenders.
“At long last, we are in the final stages of closing the deal,” Blake said. B Street expects construction to take about 18 months, so the new stages could open in November or December 2017.
The city is kicking in a $3 million forgivable loan, which the City Council voted to boost from $2.5 million in December. In exchange, B Street agreed to hold performances at two schools in each council district, along with two “at-large” schools every year for 20 years.
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