AltCap Funding Helps Power $6.2M Nomar Theater Redevelopment in Wichita

AltCap played a critical role in bringing the project to life, helping Empower secure a $1.2 million New Markets Tax Credit — a rare and complex federal funding tool that’s been used locally only a handful of times. Read how this piece of the financing puzzle is helping set the stage for one of Wichita’s most ambitious community redevelopment projects.

Image: Hutton

Wichita nonprofit Empower spoke with the Wichita Business Journal about its five-years-in-the-making transformation of the historic Nomar Theater into Provecho, a new food hall and events venue in the city’s North End. The project will combine the shuttered 1929 theater with an adjacent building to create a multi-purpose space for live music, movie screenings and community gatherings — all while preserving the historic character of the original façade.

Read the full story here →