Despite claims of a so-called "renaissance" inside the loop, underneath it all the foundation of this real estate scheme is collapsing.
A longtime treasure of the downtown loop is once again in jeopardy. Checkit:
Kansas City: KC’s historic Folly Theater hit with hefty repair bill of more than $100,000
Deets:
The historic theater is still going strong following some impressive renovations. The nonprofit agency that owns the venue, the Performing Arts Foundation, raised $2.5 million for a recent capital campaign.
But in November, the place many refer to as “Kansas City’s Carnegie Hall” was dealt an unexpected blow.
A leaky fire sprinkler pipe in the basement created a huge mess and left the nonprofit with a repair bill exceeding $100,000.
“They had to replace it. We think it was the original pipe from 1900,” Tallis said.
The repair costs are not covered by insurance or the funds raised in the recent capital campaign.
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