(WEAU) - The company commissioned to look into the potential financial impact of the Confluence Project Community Arts Center says it is financially viable.
VenuWorks Consulting out of Ames, Iowa says the Community Arts Center would make more than $100,000 in its first year. The 117 page report details the business and operations plan for the Community Arts Center that would be shared jointly by the Eau Claire community and UW-Eau Claire.
The report also says the estimated economic impact in Eau Claire would be nearly $4.5 million from the first year of activity.
Executive Director of the Eau Claire Regional Arts Council Ben Richgruber told us "This report hopefully will help the local officials, both city and county, understand that this is a viable model and we can get those conversations going. Get them involved. We had many donors and philanthropists interested in this report that are ready to make some commitments but they also want to see that it's viable."
The report says the projected operating expenses for the first year would be more than $1 million.