The Nebraska Department of Economic Development (DED) has awarded $25,000 in Community Development Assistance Act (CDAA) tax credits to support completion of the LUX Center for the Arts Campus at University Place.
In operation for nearly 40 years, one of the strategic goals of LUX is to make visual arts education accessible to all, providing classes to low-income children at no charge through scholarship funds. In addition, LUX partners with a number of area public and nonprofit agencies and organizations to provide art education and enrichment for afterschool programs, seniors, cancer patients, and youth and business organizations. The only non-profit visual arts center in Lincoln currently offering such programming, LUX serves 13,500-14,000 persons per year.
The Campus plan includes refurbishing the existing 100-year old building and connecting it to two newly-purchased adjacent properties ultimately modernizing the entire complex and doubling the number of available classrooms. A new media classroom, ceramics center, professional gallery space, and artist-in-residence studios also will be added. The project will expand the Center’s role as a “cultural focal point” in University Place. The building itself is the original City Hall of University Place.
Historic preservation and new development will alleviate some of the blighted and substandard conditions in the University Place neighborhood. The plans for the project were developed through an interactive process involving the surrounding neighborhoods, City leaders, a design team, and LUX board members.
The total budget for the project is estimated at $2,165,180; more than 60% of those costs are related to renovations. Project completion is expected by July 2016.
The CDAA program that awards tax credits to donors encourages private investors to financially support nonprofit community betterment organizations in an effort to undertake community service and development projects.
The credits represent 40 percent of each contribution, and reduce a contributor’s state income tax burdens. Every dollar contributed to a project results in a $0.40 tax credit return. Donations may be in the form of cash, services, or materials. The minimum eligible contribution for a tax credit is $50.
For information about the Lux Center for the Arts, contact Jo Ann Emerson at 402-466-8692, or email@example.com
For information about the CDAA program, contact Jenny B. Mason, CDAA Coordinator, at 402-471-6280, or firstname.lastname@example.org
For information about this article, contact Kate Ellingson at 800-426-6505, 402-471-3749 or email@example.com