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CITY OF RALEIGH

ADOPTED CIP FY2017-FY2021

Convention and Performing Arts Complex

Funded Projects

FY 2017

FY 2018

FY 2019

FY 2020

FY 2021 5 Year Total

Raleigh Convention Center

2,709,000

2,709,000

2,709,000

2,709,000

2,709,000

13,545,000

Performing Arts Center

2,650,000

-

-

-

-

2,650,000

Walnut Creek Amphitheater

200,000

200,000

200,000

200,000

200,000

1,000,000

Total Convention and Performing

Arts Complex Capital

5,559,000

$

2,909,000

2,909,000

2,909,000

2,909,000

17,195,000

Revenue Sources

FY 2017

FY 2018

FY 2019

FY 2020

FY 2021 5 Year Total

Interlocal Funding

2,709,000

2,709,000

2,709,000

2,709,000

2,709,000

13,545,000

Future Bond Proceeds

2,625,000

-

-

-

-

2,625,000

Amphitheatre Rent

200,000

200,000

200,000

200,000

200,000

1,000,000

Transfer from General Fund

25,000

-

-

-

-

25,000

Total Revenue Sources

5,559,000

$

2,909,000

2,909,000

2,909,000

2,909,000

17,195,000

Element Overview

The five-year capital improvement plan includes $17.8 million, including $5.0 million in FY 2017, to

maintain the four city facilities: the Raleigh Convention Center (RCC), Performing Arts Center (PAC),

Walnut Creek Amphitheater, and the downtown amphitheater. These improvements are funded through

interlocal partnerships, lease revenues, and debt financing.

The 500,000 square foot Convention Center opened in 2008 and hosts approximately 400,000 attendees

annually. The Center has extensive meeting space, exhibit halls, and catering service. It is nationally

recognized as a premier facility for conferences and events. The center’s design and location makes it a

key component to the city’s downtown economy. In Spring 2012, the City of Raleigh and Wake County

negotiated the use of local hotel and restaurant sales tax revenues for RCC capital needs. This agreement

establishes a long-term funding source to maintain this important facility.

The Performing Arts Center, located downtown, provides rehearsal and performance facilities for the North

Carolina Symphony, North Carolina Theatre, Carolina Ballet, Pinecone, North Carolina Opera, and other

groups. The Raleigh Memorial Auditorium was originally constructed in 1932 and most recently renovated

in 1990. Additional performance spaces were opened in 2001.

The downtown amphitheater opened in 2010. This 5,990 person capacity venue hosts concerts, festivals,

and other events. The amphitheater was recognized as “2011 Concert Industry Award for Best New Major

Concert Venue” by

Pollstar

a leading worldwide trade magazine.

The Walnut Creek amphitheater, located on Rock Quarry Road, holds over 20,000 attendees. Live Nation

leases and operates the facility.

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