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The Chattanooga Times Free Press has donated a architecture to ArtsBuild (formerly Allied Arts) in abutment of the organization's mission of architecture a stronger association through the arts. The 16,000-square-foot architecture is at 301 East 11th Street in Chattanooga.
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The catalyst for the allowance came as a aftereffect of Imagine Chattanooga 20/20, the community-wide cultural plan that was led by ArtsBuild (then alleged Allied Arts) from 2010-2012.
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With the cultural plan's goals in mind, ArtsBuild began a accurate appraisal of how it could best advance the architecture to abutment its assignment with and on account of Chattanooga's arts and cultural community. To that end, the ArtsBuild offices will absorb the top attic of the three-story building. Additional tenants accommodate the Southern Lit Alliance, one of the 13 organizations which receives anniversary abutment from ArtsBuild. The Southern Lit Alliance will additionally advance appointment amplitude on the building's third floor. Townsend Atelier, a clandestine arts academy and arts accumulation retailer, will charter the building's absolute additional floor. In 2013, ArtsBuild and Townsend Atelier agreed to a lessor/tenant agreement. ArtsBuild continues to appraise the best befalling for use of the building's arena attic and is committed to use this amplitude for best association benefit.
A aerial antecedence for ArtsBuild has been to ensure that the amount of owning and application the architecture will not crave banking assets above what ArtsBuild currently expends account for its appointment space. ArtsBuild's abundant assay of the costs of renovations and approved costs accustomed that the alignment can absorb a ample area of the building's third attic for no added per ages than it currently pays for appointment space.
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ArtsBuild will borrow the funds for the advance costs from Cornerstone Association Bank and will not use funds from its award or anniversary attack donations for the building's renovation. It is estimated that the absolute of the account acquittal for the 20-year accommodation and account appointment control costs for ArtsBuild's amplitude will be the aforementioned or beneath than what the alignment currently pays for its accepted appointment amplitude on Frazier Avenue.
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ArtsBuild will abide to action the use of appointment amenities to its 13 cultural accomplice organizations at no charge, including the use of the appointment room, added affair space, and authoritative equipment.
In apprehension of the Times Free Press's gift, ArtsBuild affianced a contractor, through a aggressive bid process, to advance affairs for the building's advance in adjustment to acquaint ArtsBuild's amount assay and controlling on the building's best use. The Strauss Company was called as the advance contractor. Renovations on the Dover Architecture will activate in February. If renovations chase the estimated timeline, the arts and cultural hub will be accessible for tenants by mid-summer of 2015.
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