ASB trust stumps up for $35m waterfront theatre

ASB Community Trust has agreed to contribute $5 million to the new theatre proposed for the Wynyard Quarter on Auckland's waterfront.

The donation will take the total pledged to the Auckland Theatre Company’s proposed theatre to $21.7m.

However, the building is not yet assured because Auckland councillors have held several robust discussions on whether they should continue supporting the expensive project proposed to be next door to the ASB Bank headquarters now being built.

Earlier this year the council agreed to wait until it saw whether further funding would come in.

The theatre company is due to report back to the council this month.

The total amount needed to build the new 600-seat venue is $35.1m.

“We are thrilled to have ASB Community Trust’s support for this visionary project, which will provide Auckland residents and visitors with a world-class theatre going experience for generations to come,” Auckland Theatre Company general manager Lester McGrath said.

ASB Community Trust chairman Ken Whitney said the trust was inspired by what has been achieved by working in partnership with other funders.

“Large-scale projects such as this inevitably require a number of funding partners to work together collaboratively to realise a shared vision.

"In a relatively short time this approach has endowed our city with a number of iconic buildings such as the magnificently refurbished art gallery, Q Theatre, the Eden Park stadium redevelopment, the extensions to the War Memorial Museum, Motat and the Auckland Zoo, to name a few.”

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Sounds a very good use of the Trust's money
Willie Getonwithit

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Excellent news.

Let's hope the council stays on board. It is important for their development of the Wynyard Quarter that they have this type of tenant to bring the public to the restaurants and bars in the evenings.

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Just another addition to grossly underutilised entertainment centres owned/ subsidised by the poor ratepayer. across the region.

Lets start with The Aotea Centre, used how many hours a week, the Civic used how many hours a week, the Vector used how many hours a week and on the Shore we have ...., and out West ... and South...

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If these theatres were used every second of everyday then they would be subject to immense wear and tear then you would possibly complain about the cost of maintaining it....

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Brilliant!

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Absolutely brilliant. I always envisioned a convention exhibition centre for Wynyard Quarter on Auckland's waterfront.

A venue of diversity for the globally-famed City of Sails...and most definitely NOT...

City of Sales as in ker ching ker ching of slot machines!

Hopefully more funding will be found for the new theatre.

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Great news.

Really hoping this theatre project will goahead.

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I am so excited about the posibility of this theatre becoming a reality. ATC certainly deserves a place to present their first class professional productions and hopefully on a permanent basis. Thankyou to everybody concerned; my little support may just have been of some little help

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