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Kimmel purchasing Merriam Theater from University of the Arts

Philadelphia

The Kimmel Center for the Performing Arts is buying the Merriam Theater from the University of the Arts for $11 million, leaders from the two arts groups say. The deal, on track to close next week, could eventually mean a name change for the theater.

With this purchase, the Kimmel bolsters its control of major arts venues between Pine and Locust Streets totaling well over 8,000 seats — adding to its own Verizon Hall and Perelman Theater, as well as the Academy of Music, which is owned by the Philadelphia Orchestra but operated by the Kimmel.

Kimmel Center to Purchase the Merriam Theater

The $11 million deal with the University of the Arts will bolster Kimmel’s control of arts venues between Pine and Locust Streets: Verizon Hall and Perelman Theater at the Kimmel Center for the Performing Arts, and the Academy of Music. The University of the Arts hopes the sale will be the first of several real estate deals and partnerships that could bring a new building with a smaller performance venue and student dorms.

ArtMuzo Live

Written by ArtMuzo Live

ArtMuzo is a Art, Design, and Music Online Magazine that supports and helps all Artist in there perspective mediums.

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