Former Arts Center home to remain in View hands; arrangement should allow for compatible development
Jennifer Potter Hayes, executive director of View, has announced the receipt of a large donation to the art center’s Moving Mountains campaign for debt retirement.
The gift will allow View to retain the property at 3260 State Route 28 that housed the former Arts Center/Old Forge for nearly 40 years.
The restricted gift is for $365,000 and is pledged over a five-year period.
The benefactors are a couple who have been long-time supporters of View, who wish to remain anonymous.
According to Potter Hayes, the gift agreement allows View to retain the deed to the property and use it for mission related activities.
It is her hope that by placing the property back in productive use, it will generate additional revenue for View.
The original concept for an Arts and Sciences complex on Route 28 in Old Forge included the use of the former Arts Center property in its plan.
However, in early 2011, View’s Board of Directors reluctantly decided to list the property for sale in its ongoing effort to pay down its debt. Continue reading