An Opportunity is
Coming for Libertyville Residents To
“Save Brainerd For The Arts”
the Building has many benefits of which we believe the most important is a home
for the performing arts. None of the several very talented performing arts
groups in Libertyville has a home. The Brainerd Auditorium and perimeter rooms
could provide rehearsal and performance space in one location. Lower
level spaces would be ideal for set and prop storage. Rental fees that now go
to barely adequate venues would be better spent in support of the Brainerd
Community Center. Other uses such as office space and banquets would
generate substantial additional revenue. A long-term lease with the
Building’s owner, H.S. District 128, calls for annual payments of
The estimated contractor costs to fully restore the building and gain a full occupancy permit for ongoing use is $7-8MM. With Village Board approval, a binding referendum for the Village to issue an $8MM, 10 year bond to finance the project will be included on the March 18, 2014 ballot. If approved, the Village will issue bonds that will result in a temporary $88 annual property tax increase based on a property market value of $300k. The tax increase ends after 10 years.
If the referendum fails, the Building will likely be torn down at significant taxpayer expense. When torn down the Village is liable for any expenses over $500,000. Estimated tear down costs are $1,300,000. Improvements to the property i.e. new parking lots will push the estimated total cost to taxpayers over $3,000,000.
More information is found on this website and BrainerdLibertyville on YouTube.com. Mayor Weppler has requested several “Town Hall” meetings for a full discussion of the project