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State Capital Funding through the Ohio Cultural Facilities Commission
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Transcript of State Capital Funding through the Ohio Cultural Facilities Commission
State Capital Funding through the Ohio Cultural Facilities Commission
Ohio Cultural Facilities Commission
State agency Ensure wise
stewardship of capital improvement dollars
Funding for construction, rehabilitation and expansion projects
Meet definition of “cultural facilities”
Cultural Facilities include:
Visual and performing arts centers
Contemporary Arts Center, Cincinnati
Mixon HallCleveland Institute of Music
Cultural Facilities include: Art museums
Glass Pavilion, Toledo Museum of Art Dayton Art Institute
Cultural Facilities include:
Science, technology & transportation museums
The Works, Newark COSI Columbus
Cultural Facilities include: Arts education facilities
Oxford Community Arts Center Decorative Arts Center of Ohio
Cultural Facilities include: Local historical facilities
Smith Orr Homestead, Orrville Van Wert Historical Society
Cultural Facilities include:
State historical facilities (Ohio Historical Society)
Serpent Mound, Adams County Fort Recovery, Mercer County
Cultural Facilities include: Publicly-owned professional sports venues
Paul Brown Stadium, Cincinnati Canal Park, Akron
Commission Projects Assigned through
biennial capital budget $528 million in total
appropriations 300 projects in 72
counties Appropriations from
$5,000 to $55.5 million
How Projects Secure State Funds Commission has no discretionary funds
Community leaders approach legislators and/or Governor
General Assembly & Governor select projects and level of funding
Projects assigned through state biennial capital budget
How Projects Secure State Funds Ohio House of
Representatives www.house.state.oh.us
Ohio Senate www.senate.state.oh.us
Type in ZIP code to find your legislators
How Projects Secure State Funds
Proper planning critical; can turn legislators into advocates
Project Planning & Assessment Guide
PDF available at www.culture.ohio.gov
Six key questions to help you create successful projects
How Projects Secure State Funds
Funded by tax-exempt bonds
Bonds issued by Treasurer of State
Paid by the state over approximately 15 years
Commission’s job critical Protect the state from
future costs and liabilities
Project Standards Basic standards must be met:
Ensuring a “need” for the project by verifying operation and business plan
Confirm regional financial support through review of the fundraising plan
End result is an operating, successful facility
Project Standards Must present culture to
the public Owner – 501(c)(3) or
government entity Local match: $1 for
state’s $2 Fully funded project Open & operating facility
Project Standards Property Owner
If 501(c)(3) leases from third party, project still eligible to receive funds
Owner agrees facility will be used to present culture to public for at least 15 years
Project Standards Local Match: $1 for
state’s $2 Cash match, grants,
written pledge commitments
Value of property Funds in operating
endowment
Project Standards Fully funded project
All funds needed to complete project
Hard costs, soft costs, fundraising & start-up
Lines of credit, bridge financing, etc. must be backed by pledges or guarantees
Written commitments
Legal Agreements Cooperative Use
Agreement Ensures state’s
interest that cultural programs will be presented
15-year length Daily operations
and management decisions handled locally
Legal Agreements Construction Administration
and Funding Agreement Allows local construction
administration Only with Commission
approval Must demonstrate
construction administration capabilities
Details services and responsibilities
How the Commission Can Help Publications & resources
available at culture.ohio.gov
Review projects for compatibility with Commission requirements
Provide examples of required documents
Objective help selecting professional consultants
Thank YouOhio Cultural Facilities Commission
20 East Broad Street, Suite 200Columbus, OH 43215
(614) 752-2770www.culture.ohio.gov