Academy School, including the existing theater and gymnasium (with stage), to be renovated into a multi-purpose community center for activities, programming and events, which may include adult education classes, meeting space, co-working space, lecture space, art classes, performing arts, teen activities, sports activities, marketplace, workshop, kitchen and daycare. Beach & Rec offices will be on site.
Estimated Cost: $14 million (being a projected cost to each taxpayer annually, based on a 20 year bond, of $140 per average household assessment). With federal and state historic preservation tax credits, the final cost could be reduced by $2 to $4 million.
Operating Expenses: TBD. Part of Town’s annual budget. A portion of operating expenses may be offset by revenues from programming, activities and events.