An article on Bloomberg.com forwarded by a reader provides an update on the progress of fundraising efforts for the Houston Ballet’s new building Downtown planned for the block surrounded by Congress, Smith, Preston, and Louisiana streets. You’ll remember that back in August, Ballet managing director Cecil C. Conner told the Chronicle‘s Molly Glentzer that the board had raised “about 70 percent of the funds” needed for the $53 million building — which the organization hopes to have ready for move-in by 2011.
What’s the latest news, 3 months later?
Conner said he already has about 70 percent of the funds needed. The company has started raising an additional $45 million for the endowment, said Jim Hackney, managing partner at Alexander Haas Inc., Atlanta-based fund- raising consultancy hired by the ballet.
“Obviously, the last 10 months have been a challenging period in fundraising, but we’re optimistic,” Conner said. . . .
So far, the ballet has gathered money predominantly from foundations and its board of trustees.
- For $53 Million, Houston Ballerinas Won’t Dance Around Buckets [Bloomberg]
- Previously on Swamplot: Peeking into the New Houston Ballet Center for Dance Downtown, Places, Everyone! Houston Ballet Center for Dance Starts Digging in Downtown, New Houston Ballet Building: Maybe Not, Dance, Building, Dance: Houston Ballet Makes a Downtown Debut