Performing Arts : Historic Theatre   /   Tennessee Theatre Restoration, LLC

The Tennessee Theatre

Knoxville, Tennessee    map
Status: Complete

The restoration of the landmark Historic Tennessee Theatre in downtown Knoxville, Tennessee serves as an exemplary project in terms of its financing strategies. The rehabilitation of this 1928 movie palace, a superb example of Spanish-Moorish architecture, could have stopped at a $14 million project, merely restoring it as a movie house. Instead, in January 2005, the theatre debuted a new stage house for symphony, opera, and a variety of performing arts groups through a dramatically expanded project topping $30 million -- due to public and private support and the critical windfall of $6 million in tax credits. As one of the pioneering ventures through a partnership of the National Trust for Historic Preservation and the Banc of America Historic Tax Credit Fund, it is a national model of investment in moderate-size projects eligible for federal historic tax credits. Westlake Reed Leskosky served as a consultant to McCarty Holsaple McCarty, providing Historic Preservation, Interior Design, MEP Engineering, Theatrical and Tax Credit consultation services.