Michigan Strategic Fund board commits $5 million to Lansing entertainment venue

LANSING – After receiving significant government investment, construction on The Ovation Performing Arts Center project is scheduled to begin in 2023 and the facility is expected to fully open in 2025.

The two-story, 49,000-square-foot, $17.5 million facility on nearly 1 acre of vacant lot in downtown Lansing received approval for a $5 million performance-based grant from Michigan Strategic on Wednesday Fund Board of Michigan Economic Development Corp.

A briefing memo to the MSF board of directors describes the project as “a catalytic economic engine for downtown Lansing and the Lansing area”.

“The Ovation project is moving forward and this support from MEDC is another key factor in the construction of this incredible venue,” Lansing Mayor Andy Schor said in a statement.

The arts center is located at 500 and 520 S. Washington Ave., on the corner of West Lenawee Street. It will be designed as a flexible space to host a variety of performances, from major music concerts to independent films and networking events, according to the city’s records.

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

The Ovation will also feature a two-story main stage, a smaller stage alongside 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 slated to begin in the spring, and some spaces will be open to the public by fall 2024.

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

According to studies by AMS Planning and Research, once The Ovation fully opens, an estimated 190,000 visitors per year will generate $12.5 million in local economies, create 159 full-time jobs and generate $904,000 in taxes and fees for local governments .

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

According to city documents, the ovation could.

The Ovation will join other significant developments in the Lansing area such as Neogen Corp’s $71.5 million expansion. and the new $2.6 billion Ultium cell plant.

“Downtown Lansing continues to evolve and new investments like the Ovation will continue to drive this positive momentum,” said Schor. “This will truly be a transformative component for the future of downtown Lansing. I am excited about this latest investment by MEDC and can’t wait to break ground and build this venue.”

Contact Bryce Airgood at 517-267-0448 or [email protected] keep following her Twitter @bairgood123.


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