Paramount Theater block in Springfield proposed for $36 million makeover
Published: Saturday, August 04, 2012, 11:20 PM
Updated: Sunday, August 05, 2012, 12:47 AM
By Peter Goonan, The Republican
SPRINGFIELD – The owner of the Paramount Theater block on Main Street has proposed an estimated $36 million historic renovation project aimed at luring big stage shows, and promoting downtown revitalization and jobs.
The New England Farm Workers Council, which bought the Paramount building, known as the Massasoit Block in March 2011 for $1.7 million, plans to restore the theater, including the return of 2,300 seats and an expanded stage, said Heriberto Flores, executive director of the Farm Workers Council.
The block is listed on the National Register of Historic Places. Besides the theater portion, built in 1929, the majority of the building comprises the 1843 Massasoit House, Springfield’s premiere hotel in the 19th century and a stop on the Underground Railroad.
The council will primarily rely on private financing for the project, and will apply for state and federal historic tax credits, new market tax credits, and federal loan funds, Flores said.
“I feel very positive about this project, and Springfield,” Flores said. “We want to bring the entire building up to 2012 standards, but still need to maintain the historic perspective and the facade.”
The private, nonprofit Farm Workers Council has purchased properties in that downtown block, as well as properties in the North End and in Holyoke, to serve its own needs and as part of its commitment to serve the community, and promote jobs and economic development, Flores said.
The goal is to begin the renovation project in the spring, Flores said. The Paramount, prior to being purchased by the Farm Workers Council, was operated as a nightclub known as the Hippodrome.
Two vacant restaurants on the first floor of the block will be leased including Sitar, set to return in September, Flores said. The upper floors will be part of the major renovation project, and are expected to include space leased to entertainment-related businesses, he said.
The Springfield Historical Commission voted unanimously last month to “enthusiastically support” the rehabilitation project and the pending application for historic tax credits, said Ralph Slate, commission chairman. The state application is due by Aug. 31.
“The project for the Paramount sounds very exciting,” Slate said. “The vision is to bring back the Paramount Theater, expanding the stage for better acts. It’s historic preservation.”
Oftentimes, a developer will buy an older building with the intent of tearing it down for parking or a new building, Slate said. With the Farm Workers Council, the aim is historic preservation of the Paramount and other buildings on that corridor, he said.
The Farm Workers Council has hired Gregory Farmer of Agricola Corp., of Chicopee, as a consultant with an expertise in historic preservation projects, Flores said.
The renovations at the Paramount include a new roof, new windows that preserve the historic design, new heating and air conditioning, improvements on handicapped accessibility, some new elevators and rest rooms, removal of some walls to expand the stage and add dressing rooms, a “top class” marquee, and facade improvements.
Under the tax credit programs, the tax credits can be sold to companies to provide funding for the rehabilitation project, which in turn gives those companies a reduction in their own tax liabilities over multiple years, officials said.
Flores said he has “no apologies for the work we do” regarding those who question or criticize the Farm Workers Council for its purchase of properties in Springfield and Holyoke. Those investments create jobs and economic development in poorer communities, he said.
“The Farm Workers Council is investing in this because it’s part of the future,” Flores said. “We have a very progressive board. It’s easy to stay in the corner and not do anything. That is not the right thing. Every project we have done has been productive to our community and the community at large.”
The Farm Works Council has purchased distressed properties for its own programs and to bring back positive uses for the properties, largely financed with loans, Flores said. The council continues its mission of serving the low income, including social services and job training programs, day care assistance, fuel assistance, housing programs, and youth programs, he said.
The Farm Workers Council also pays taxes on various properties, Flores said. The council’s annual tax bill on the Paramount building at 1676 Main St., is $30,412, and its annual bill on the Fort and Student Prince Restaurant property at 1610-1626 Main St., is $16,244.
The Fort property was purchased by the Farm Workers Council in October 2010 for $2 million.
Flores recently said investors affiliated with the Farm Workers Council have a purchase and sale agreement for the Stonewall Tavern business, adjacent to the Paramount, and will also respond to the city’s request for proposals to purchase and redevelop the vacant Asylum property, in the same block.
In recent years, it has purchased its current headquarters at 11-13 Hampden St., and purchased 32-34 Hampden St., rented to social service organizations and private tenants.
The council will work cooperatively with other entertainment venues in the city including CityStage and the MassMutual Center, and believes that bringing more people downtown will help, not hurt, those other venues, Flores said.
Brona Simon, executive director of the Massachusetts Historical Commission, stated in a letter last month that the proposed project “will have ‘no adverse effect’ on the properties,” which allows the application to advance to the review process, a spokesman said.
Some of the recent projects awarded state tax credits include plans to renovate a large vacant office building at 13-31 Elm St., and the adjacent Byers Block at 3-7 Elm St., both at Court Square.
In addition, tax credits were awarded to the Kenwyn Park Apartments at Kenwood Park and the Caring Health Center project on Main Street in the South End.