Centennial Station fund drive progress pleases leader
Fundraising to pay off loans for Centennial Station are progressing well enough to suit local attorney Jim Morgan, who provided the final impetus to purchase the facility for the High Point Area Arts Council in December.
Purchase price for Centennial Station was $860,000, and loans were secured for $731,000 and $250,000. So far, $241,238 to pay off the smaller loan has been collected.
Morgan has pledges for an additional $352,950. He hopes to raise a total of $1.6 million to cover the loans, equipment purchase, some repairs and to establish a fund for future building maintenance.
“I’m pleased because it’s been raised in a relatively short time and at a time that included the holidays,” Morgan said. “We’ve got a lot of requests out, and I think pledges will start coming in.”
Morgan has made requests for the entire $1.6 million, and he has asked two entities for $500,000 each. Centennial Station would be named for the two groups.
So far, major donations include $100,000 from High Point University and $200,000 from Guilford County in 2012. Morgan has made additional requests for $200,000 and $100,000 from two entitles, and those donations would complete the $1.6 million.
Already rooms and areas at Centennial Station have been named for the following donors: High Point University; Ann and Jim Morgan (two areas); Sparky Stroud, in memory of his mother Nadine Sizemore Stroud; the Burrow family in honor of Ray and Nadine Burrow.
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