
The good news is that Madison has an unusually large and expensive arts center for its size. The bad news is that Madison has an unusually large and expensive arts center for its size.
Never has a $205-million gift (from local businessman Jerome Frautschi) been so controversial. Ever since it opened nearly 7 years ago, the Overture Center for the Arts has elicited a wide range of reactions -- a magnificent cultural asset treasured by many, scorned by others as an overbuilt playpen for Madison's elite, with most people falling somewhere in between.
Its
ownership and control used to be as complex as Cesar Pelli's design for the building, which combined new construction (left) old landmarks -- or at least parts of their facades (Yost's department store, center, and the old Capitol Theater/Madison Civic Center, right). As the chart shows, three different organizations used to be responsible for ownership, operation and fundraising. In last December's reorganization, they were replaced by a single private organization, the nonprofit Overture Center Foundation, although as the chart shows, it retains many members of the old organizations. The foundation takes over next January.
The Overture Center was built at a time of expansive optimism, part of a major boom in downtown real estate development. Then the financial crisis happened. Then the recession happened. Then the Walker budget cuts happened. In short, an arts center that was built during a time of buoyant prosperity now faces a time of austerity and fierce competition for arts dollars.
Nevertheless, Overture backers have retained their optimism. The
Overture's new budget reflects that optimism. In contrast to the $13.5-million 2010-11 budget, which projected a deficit of nearly half a million dollars, the new $14-million 2011-12 budget projects a surplus of more than $600,000 -- this despite a projected decrease in ticket sales because there's no Broadway blockbuster like The Lion King on the schedule. So where does the surplus come from?
The 2011-12 budget differs from the previous one mostly in an optimistic projection for private fundraising. The new budget has $2 million in fundraising compared to $350,000 in 2010-11.
That's about a six-fold increase in fundraising. Proponents say fundraising will be encouraged by the new foundation's role, since donations will be tax-deductible. But it's still hard to imagine such a bump in fundraising at a time when other local groups also desperately need money and the Madison Public Library is in the midst of a major fundraising drive for its new downtown branch.
The budget also counts on a $1.85-million contribution from the city, a little less than the $2 million that was agreed on last December. But that was before the Walker budget threw Madison into its own budget crisis. Will that contribution stand up now that Madison faces major budget cuts, including likely furloughs and possible layoffs? No wonder
Mayor Paul Soglin has been worrying about it.
Stay tuned.