PACE renamed Tateuchi Center thanks to generous grant
By Gabrielle Nomura on June 9, 2010 – 11:15 amNo Comment
The Performing Arts Center Eastside (PACE) made a surprising announcement today, officially renaming the future 2,000-seat Concert Hall and 250-seat Cabaret in downtown Bellevue in honor of a $25 million grant given by the Tateuchi Foundation. The performance venue, set to be built at the corner of NE 10th Street and 106th Avenue NE, will now be called the Tateuchi Center.
The generous donation by the Tateuchi Foundation brings the center closer to the $160 million goal needed to finance the future venue. With the recent grant from the Tateuchi Foundation, the center has now raised $60 million toward its $160 million goal which includes $8 million in land; $11 million in design and engineering; $114 million in construction costs; $2 million in furnishings and equipment; $6 million in soft costs; $9 million in fundraising and administrative costs; and $10 million for an endowment to support ongoing operations.
The Tateuchi Center is scheduled to open in 2013 and will bring first-class cultural events including world-renowned musicians and performances.
The recent grant to the performing arts center is not the first given to benefit the Bellevue-area by the Tateuchi Foundation. In 2004, the foundation gave a capital grant to the City of Bellevue to fund the building of a viewing pavilion, a bridge and a viewing deck at the Botanical Gardens. The Tateuchi Foundation has also given grants to benefit such local organizations as the Seattle Art Museum and the Seattle Public Library.
