Posting Language
Title
Authorize negotiation and execution of a Place-Based Enhancement Cultural Preservation economic development agreement with The Vortex for a total amount not to exceed $107,803 over a five-year term to support retention of this local legacy creative sector business.? Funding: $20,715 is available in the Fiscal Year 2025-2026 Operating Budget of the Austin Economic Department's Economic Incentive Reserve Fund. Funding for the remaining years of the agreement is contingent upon available funding in future budgets.
De
Lead Department
Austin Economic Development.
Fiscal Note
Funding in the amount of $20,715 is available in the Fiscal Year 2025-2026 Operating Budget of the Austin Economic Department's Economic Incentive Reserve Fund. Funding for the remaining years of the agreement is contingent upon available funding in future budgets.
For More Information:
Anthony Segura, Deputy Director, Austin Economic Development, 512-974-3187; Matthew Schmidt, Division Manager, Austin Economic Development, 512-974-6415.
Additional Backup Information:
The Vortex is a legacy local business and creative space located in central east Austin for the last 38 years. As leaders in the growth and stability of the arts in Austin through its unique regional theatre, The Vortex provides an essential community destination with significant, professional theatrical productions, a community gathering space, a nationally-certified butterfly sanctuary, and its lively Butterfly Bar and food truck tenants. The Vortex engages in radical transformation through edge-walking artistic creations, women-led projects, tuition-free Summer Youth Theatre, and innovative collaborations featuring artists of diverse ages, genders, ethnicities, and backgrounds. Original work encompasses plays, operas, musicals, ritual theatre, devised collaborations, spoken word, and immersive experiences.?Recent economic conditions and major cuts to the National Endowment for the Arts have led to short...
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