Michigan Strategic Fund board gives $5M for Lansing entertainment venue

LANSING – Construction on the Ovation Performing Arts Center project is scheduled to begin in 2023 and the facility is expected to fully open in 2025 after receiving significant state investment.

The $17.5 million, two-story, 49,000-square-foot facility on nearly an acre of vacant property in downtown Lansing won approval Wednesday for a $5 million performance-based grant from the Michigan Economic Development Corporation, Michigan Strategic Fund Board. .

In a briefing memo to the MSF board, the project was described as “a catalytic economic driver for downtown Lansing and the Lansing region.”

“The Ovation project is moving forward and this support from MEDC is another important piece to building this incredible space,” Lansing Mayor Andy Shore said in a statement.

Arts Center at 500 and 520 S. Washington Ave. will be located at the corner of West Lenawee Street. It will be designed as a flexible space to accommodate a variety of performances, from large-scale music concerts to independent films to networking events, according to city records.

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The facility will include retail space, Capital City Film Festival offices, a film and video rental library, multi-purpose collaboration rooms for local arts organizations and classrooms for school groups.

Ovation will feature a two-story main stage, a smaller stage with the main stage, first and second floor lobbies, a private party room with a balcony overlooking the main stage, a rooftop bar and more. The facility will have a capacity of 2,025.

Construction for the space is set to begin in the spring and some space will be open to the public by the fall of 2024.

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The construction project alone is expected to generate an estimated $17.5 million in the local economy, create 209 full-time equivalent jobs and generate $1.1 million in taxes and fees for local governments.

According to AMS Planning and Research Studies, once Ovation is fully open an estimated 190,000 annual visitors will generate $12.5 million in the local economy, create 159 total full-time equivalent jobs and generate $904,000 in taxes and fees for local governments.

Funding for the project includes an MSF grant, $8.5 million in local revenue bonds paid for with public, education and government fees and $250,000 in private donor funding to date, according to the briefing memo.

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Ovation can host many events including blues concerts, comedy shows, Lansing Public Media Center events in the multipurpose space, a podcast recording in the studio, a poetry slam, “intimate punk concerts,” history lectures and more. City documents.

Ovation will join other major developments in the Lansing area, such as Neogen Corp. A $71.5 million expansion and new $2.6-billion Ultimate Sales plant.

“Downtown Lansing continues to grow, and new investments like Ocean’s will continue this positive momentum,” Schor said. “This will be a truly transformative component for the future of downtown Lansing. I’m excited for this latest investment by MEDC and can’t wait to break ground and build this space.”

Contact Bryce Airgood at 517-267-0448 or [email protected] Follow him Twitter bairgood123.



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