REDC

The executive director of GO ART! spoke plainly to Batavia Development Corporation board members this morning -- it needs funding ASAP in order to make badly needed improvements to its headquarters -- the historic Seymour Building at 201 E. Main St.

GO ARTS!'s Gregory Hallock asked board members to provide financial backing for a $50,000 loan, which would make the nonprofit eligible for funding from the NY Council on the Arts (NYSCA) Arts and Cultural Facilities Improvement Program Mid-Size Capital Project.

The NYSCA grant is available through the Empire State Development Regional Council Capital Fund (REDC) initiative. GO ART! must prove its ability to finance restoration projects in order to qualify for $150,000 in state funding. 

Hallock’s request comes after the New York Preservation League conducted an assessment of the GO ART! property and identified areas for improvement totaling $500,000. Hallock determined that at least $176,000 is required for immediate changes to the building. 

High-priority needs include the installation of both an air-conditioning unit and elevator. Hallock said he wants second-floor offices and meeting spaces to be available for rent within the next few months in order for the building to remain accessible and easy to use.

Hallock said time is of the essence. The REDC grant application is due July 27, but GO ART! will not know if it received that state funding until December. He's also waiting to hear back about grant applications to organizations in Buffalo and Rochester, but those responses will not arrive until August. 

“$500,000 is what [the improvement cost] is marked at now,” Hallock said. “They said this number is going to grow substantially. So, that’s why there is a priority on my list of things to get done to get this grant money. Also, the REDC doesn’t guarantee this money is going to be there from year to year.”

In response, Rachael Tabelski, BDC director of economic development, proposed that the BDC could back the $50,000 loan, so NYSCA could see GO ART! has access to funds for this capital project.

“We would be issuing a long-term, conditional offer to match these state funds,” Tabelski said.

Tabelski offered that BDC could set aside $50,000 of its Revolving Loan Fund for GO ART! and issue a conditional loan approval with an expiration date. Then, Hallock could return periodically with updates on the project scope and costs. 

According to this proposed plan, the board could keep extending its conditional loan approval until the grant is potentially awarded to GO ART! Hallock noted that GO ART! may never have to tap into the loan if it qualifies for the grant. 

“We get repaid with the funds down the road. One way or another, this will go through. So, this is a fairly safe loan,” said Pierluigi "Pier" Cipollone, BDC board president.

The board did not vote on the conditional loan today, but Hallock is slated to update board members on GO ART!’s progress toward grants and renovations. He will return at the board’s meeting at 8:30 a.m. Aug. 22 in Batavia City Centre.