Dec 16th 2019 | Posted in Vertical by Texas Government Insider

The Woodlands Township Board of Directors approved a Memorandum of Understanding (MOU) earlier this month for the development and operation of a new performing arts center in The Woodlands Town Center.
The MOU will allow for studies to be conducted prior to a final agreement between the Township and the Center for the Performing Arts.
Woodlands performing arts center rendering Woodlands enters partnership with arts group for performing arts center

Rendering of proposed performing arts center

The facility is estimated to cost $71 million and stretch 100,000 square feet. A 1,500-seat theater and 200- to 400-seat multi-purpose venue are being discussed. The center will provide a space for a host of music, performance and cultural events, and also allow for conventions, meetings, trade shows and other events. It aims to attract regional and national touring entities, and to support local artists by enhancing access to rehearsal and performance space.

Following a due diligence review by the Center for the Performing Arts, and a commitment for capital funding, a final agreement will be created, and a Project 501(c)(3) Foundation and Project Fundraising Committee will be established.