LVPAC’s second performance venue, the dramatic 2000-seat Regional Theater, to be located on South Livermore Avenue between First Street and Railroad Avenue, is poised to move forward with construction for a projected 2016 opening. The Regional Theater, featuring a unique, terraced seating layout that ensures that no seat will be more than 125 feet from the stage, is designed to host full-scale Broadway touring productions along with some of the world’s most well-known artists and performing ensembles. Outlined below are details of the project and how it will transform our community.
WHY BUILD A 2,000-SEAT THEATER?
Enhances Livermore and the Tri-Valley as a place to live, work and visit
Boosts arts and education opportunities across the region
Expands downtown Livermore as a shopping, dining and entertainment destination
Supports business recruitment and retention
WHAT PROGRAMMING WILL BE OFFERED?
Broadway touring shows, headliner concerts and international artists
Classical music, contemporary dance, ballet, opera, and family attractions
Lectures, seminars, meetings, conferences and community events
School performances and other publicly-sponsored activities
Rentals by local and regional businesses and organizations
WHO WILL ATTEND?
The Regional Theater will regularly showcase well-known national and international artists and productions that can generate a large and diverse audience. With more than 980,000 people living within a 45-mile radius of downtown Livermore, there is a sufficient audience to support the theater’s activities.
WHAT ARE THE ANTICIPATED ECONOMIC BENEFITS?
$11 million in credit-enhancement fees paid directly to the City’s General Fund
Approximately $20 million per year in overall economic impact across Livermore and the region
Direct tax benefits of $195 million over 30 years
Creates direct and indirect employment: 820 immediate construction jobs, 235 permanent jobs
Generates momentum for hotel, shopping and residential developments in our downtown
HOW DOES THE REGIONAL THEATER BENEFIT THE BANKHEAD THEATER?
Helps to spread out the operating overhead for both theaters with the majority covered by revenues generated by the regional theater
Allows for more efficient management of the two theaters
Increases opportunities to cross-promote attractions within the theaters – developing a broader audience base
Enhances fundraising opportunities for both theaters