News/Announcements

Keystone Cultural Arts Center - Permanent Performing Arts Facility

October 31, 2008

In accordance with Section 6.01 (f) of the Keystone Neighbourhood Company Declaration "Ten percent of all funds that the Neighbourhood Company actually collects each year through the Annual Real Estate Assessment shall be deemed contributions of capital from the Owners to the Neighbourhood Company. The Neighbourhood Company shall deposit such 10 percent of such funds into an account (the "Community Facilities Fund") that the Neighbourhood Company maintains separate from all of its other accounts. The Neighbourhood Company shall use the funds deposited in the Community Facilities Fund to facilitate the construction and financing of Community Facilities, as it deems appropriate."

Given the success of the Pavilion at Keystone (the current, seasonal performing arts tent located on the East side of the Silver Mill building) and its expiring life span, the Neighbourhood Company Executive Board spent funds from the Community Facilities Fund in 2008 for the creation of the architectural drawings for a permanent building to be constructed in the location of the Pavilion at Keystone.  In March, 2009, given the current economic climate we are facing, no further monies have been spent toward this project.  We ARE currently investigating a temporary,year round structure - we will discuss these ideas at the November, 2009 meeting. 

If you have questions or comments, please contact KNC Executive Director, Tim Baker at 970-423-8998.