Tybee Post Theater receives $100,000 donation
Originally Posted by Savannah Morning News Posted: July 8, 2014 – 3:23pm
The Tybee Post Theater moved closer to raising the curtain this week when it hired a new architect and announced a substantial donation to recharge the restoration of the 1930s movie house.
The theater received an unexpected donation of slightly more than $100,000 from a donor with ties to Tybee who asked to remain anonymous. It’s the largest single donation ever received by the Friends of Tybee Theater (FOTT), the non-profit organization formed more than a decade ago to restore and reopen the Theater.
The donation, which came in the form of stock that the Theater board sold for $106,000, was deposited into a new restoration fund dedicated exclusively to the Theater renovation. Along with two foundation grants of $10,000 and $5,000 received this spring, the new funding is a much-needed boost to a rehabilitation project more than a decade in the works.
The Theater board will add a $500,000 construction loan to the restoration fund and use that money to begin renovation on the auditorium and reopen the Post Theater, possibly as soon as the end of the year, according to Melissa Turner, executive director of the Theater.