$65,042 raised!
$99,958 to go!

Blog - Category: FAQ

The raised funds will be used to complete the upgrades to the washrooms, finish the lobby, install the concession, and enclose the facade. There is opportunity to reduce costs with volunteer labour, or in-kind donations of specific materials or products.

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The money previously raised was used to cover staff costs, develop promotional material, upgrade and refinish 2 theatres, remove substantial asbestos, rewire old electrical, as well as to purchase 300 theatre seats, 2 digital projectors, velvet theatre curtains & 2 projection screens.

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The building and land are currently owned by a numbered company made up of 5 people (some local and some not); for simplicity's sake we refer to them as the "G5".

And yes, we do still have the opportunity to purchase the land and building under the co-op structure.

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The Board is a volunteer Board who were voted in at the last AGM. Current Board Directors are listed on our website www.penmar.ca and they are a diverse Board with different backgrounds and qualifications

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We have raised money through securing corporate sponsors, receiving private donations (including selling memberships and seats), and with event-based fundraising.

Once the doors open we have the opportunity for more funding. Most grants have to do with operational needs and are not available as capital spends, until the doors are open for business.
 

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Aside from the long histroty of Arts & Culture at this address, the old Penmar site is already conducive to a performing arts theatre (live and movie) – which allows us to make the venue affordable for most people wanting a night out. We want to contribute to our community by helping to add vitality to the 300 Block of Martin street. Also, adding to our Downtown adds to cultural tourism.

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The Society is responsible for the day to day operations of the facility and all staffing and programming. The co-op, once it incorporates, will be strictly the potential ownership of the land and building and would have their own Board of Directors. The Society would be tenants within the co-op – the two groups would work collaboratively. If you are a member of one, it does not mean you are a member of the other.

More can be learned about the Co-operative opportunity by visiting: www.penmar.ca/cooperative

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The current landowners have generously donated rent to the Society for the last couple of years. They are not in the position to do any more at this time. With that said, the Society has the first right of refusal if a new lease or owner comes forward. This allows us to continue to fundraise and hopefully still have the building when the time comes.

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You can also make a pledge or a donation and pay by cheque, cash, or e-transfer. Simply follow the steps on the website to choose the contribution you wish to make and select your payment method. Or, if you prefer, you can come into the Downtown Penticton Association Office (#206 - 212 Main St, Penticton) and someone can take down your details & payment in person.

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Phase 1a will provide 2 theatres (seating 100 & 150 respectively) Both theatres are film-capable and are also open to lectures, meetings, presentations, small live music events. The larger theatre will have access to a side-stage green room and a flexible flat stage space for live performance.

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The campaign in December was launched with the hopes that all the money required to complete renovations and operate for the first few montsh could be collected in the short timeline. Also, the Kickstarter platfor charges 5% of any fully-funded campaign.  

So the math is this:

In December we required $190K for renovations & operations. Kickstarter's fees would be $10K to raise that much, so our campiagn was for an even $200K.

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The money previously raised was used to cover staff costs, create promotional and marketing material, upgrade and refinish 2 theatres, remove substantial asbestos, rewire old electrical, as well as purchase of 300 theatre seats, 2 digital projectors, velvet curtains & 2 projection screens.

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The raised funds will be used to complete the upgrades to the washrooms, finish the lobby, install the concession, and enclose the facade. There is opportunity to reduce costs with volunteer labour, or in-kind donations of specific materials or products.

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There are four ways to pay, we try keep it as simple as possible.

  1. Credit Card
  2. Cheque
  3. Cash
  4. Interact Email Transfer

Below are the details for each which are also displayed on the Order Confirmation page and emailed to you upon order completion.

Credit Card

Your Credit Card payment will be processed today for any Donation amounts you chose.

For any pledge amounts you chose, if the project is fully funded, your payment will be automatically debited from you card.

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