OTHERPENDING

City of Thomasville Council Meeting Agenda April 2026

City to match $1M for Palace Theatre project

City commitment of $1,000,000 as matching funds to be paired with funds raised by P.A.C.E. or other organizationsThomasville Housing AuthorityP.A.C.E. DOWNTOWN THOMASVILLE (PEOPLE ACHIEVING COMMUNITY ENHANCEMENT)April 12, 2026

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Description

Thomasville is considering a Resolution of Intent to partner with P.A.C.E. Downtown Thomasville on revitalizing the historic Palace Theatre, committing $1 million in City general fund reserves as matching funds. P.A.C.E. will act as the lead nonprofit partner to raise additional public and private investment for the arts-focused redevelopment.

Contract Details

Contract Amount

City commitment of $1,000,000 as matching funds to be paired with funds raised by P.A.C.E. or other organizations

Vendor

P.A.C.E. DOWNTOWN THOMASVILLE (PEOPLE ACHIEVING COMMUNITY ENHANCEMENT)

Agency

Thomasville Housing Authority, NC

Contract Type

OTHER

Document Date

April 12, 2026

Renewal Info

The Resolution of Intent establishes funding commitment and partnership framework but does not specify renewal terms; subsequent development, operating, or funding agreements with P.A.C.E. would need separate approval.

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