Become a digitalPLUS subscriber. 99 for 4 weeks.

Topics

Charity
Stavros Niarchos Foundation donates $5 million to transform Parkway Theater
Stavros Niarchos Foundation donates $5 million to transform Parkway Theater

An international philanthropic foundation has donated $5 million to help transform the historic Parkway Theater into a multipurpose film center, it was announced Monday. The gift from the Stavros Niarchos Foundation, which has offices in New York, Athens and Monte Carlo, means that organizers have obtained promises for $13.5 million — or nearly 80 percent — of the $17 million needed to refurbish the 1915 movie palace near the intersection of Charles Street and North Avenue. A total of $7 million will come from tax credits for federal and state programs, while the remaining $10 million was to have been raised from private sources. In addition to the $5 million promised from...

Loading