Council OKs Plan Raising Cost of Greensboro Arts Center
GREENSBORO — In December the City Council agreed to take on more bond debt to close the $10 million budget gap on the projected cost of building the Steven Tanger Center for the Performing Arts. The original cost estimate for the Tanger Center was $65 million, with the city contributing $30 million in bond debt and the remaining $35 million coming from private donations raised by the nonprofit organization Community Foundation of Greater Greensboro.