How the new The­atre will op­er­ate

Waikato News - - NEWS -

Two en­ti­ties are planned for the new Waikato Re­gional The­atre.

One will be a property trust re­spon­si­ble for property man­age­ment and main­te­nance of the the­atre so that any in­vest­ment made by lo­cal govern­ment and fun­ders is main­tained in line with an ap­pro­pri­ate as­set man­age­ment plan. Hamil­ton City Coun­cil has agreed to an an­nual grant of $1.3 mil­lion as the base fund for the property trust with other re­quired cap­i­tal main­te­nance funds com­ing from op­er­a­tional rev­enues.

The sec­ond will be an oper­at­ing trust, ini­tially funded through seed-fund­ing, and this will en­able the man­age­ment and op­er­a­tional as­pects of the the­atre busi­ness such as pro­mo­tions, ed­u­ca­tion and book­ings.

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