Should 23 artists get a $23M taxpayer subsidy? - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
April 30, 2024 Newswires
Share
Share
Post
Email

Should 23 artists get a $23M taxpayer subsidy?

Evanston Now (IL)

Artists and arts groups pushed for continued operation of the Evanston's Noyes Center Monday night as city staff outlined the need for $23 million in upgrades to the structure.

Portions of the former school building at 927 Noyes St. date to 1892 and were designed by famed Evanston architect Daniel Burnham.

An image from a 1950 Sanborn fire insurance map showing the expansion of the Noyes School building over the decades. Credit: Library of Congress

Since the city acquired the shuttered school in 1980 for $1.1 million, it has provided subsidized rental space for about two dozen artists, sculptors, actors and musicians.

The building has seen some improvements, including a $1 million roof replacement a decade ago. About that time the city modestly increased rental rates for the building.

Noyes is the only one of the city's community centers where annual revenue has covered annual operating costs in recent years.

But at the rate of operating "profit" at Noyes over the past four years, the city would just now be coming close to recovering the capital improvement cost of the roof repair a decade ago — not counting interest.

At a similar rate, recovering the planned $23 million in new renovation costs would take centuries.

Murphy Monroe of the Actors Gymnasium told the council Noyes is a gem and "we must protect it," a view seconded by several other tenants in the building.

When the city council voted earlier this year to add an eighth community center to the city's real estate portfolio — the former Little Beans Cafe at 430 Asbury Ave. — Parks and Recreation Director Audrey Thompson promised she could have that property showing an operating profit by next year.

She said the city needs to view profitability as a community good, while still offering recreation program fee discounts to lower-income residents.

With the council Monday night also receiving a report on putting its assets to work — a study that envisions redeveloping some city properties to meet affordable housing and economic development goals and to generate new property tax revenue — council members chose not to take any immediate action on the Noyes renovation proposal.

Ald. Clare Kelly, whose 1st Ward includes the Noyes building, pushed for moving forward on a pared down renovation plan that would effectively lock the city in to continued use of the property.

But Ald. Jonathan Nieuwsma (4th), while saying the community needs to invest in the arts, asked whether the project could be delayed.

City Engineer Lara Biggs responded that it could be postponed for a couple of years, but would need to be completed within three to five years.

Ald. Eleanor Revelle (7th) said she didn't want to make a decision about Noyes without considering the city's other major capital needs — for a new civic center and new police fire headquarters — and how to pay for all of them.

The council agreed to seek a federal grant to move forward with exploring the putting assets to work concept. The grant program, with a May 10 application deadline, could provide up to $1 million to fund further work to come up with specific redevelopment proposals.

Older

Prudential: Q1 Earnings Snapshot

Newer

AM Best Upgrades Credit Ratings of Hamilton Re, Ltd. and Hamilton Insurance Designated Activity Company

Advisor News

  • Benefit Costs Squeeze Schools, Driving Cuts, Tax Hikes And Difficult Tradeoffs
  • Why client insurance needs could change even if their life doesn’t
  • Most Gen Z investors think less than a year ahead when making financial decisions
  • IRI pitches retirement agenda to Jeffries as democrats shape affordability platform
  • Help child-free clients plan for their later years
More Advisor News

Annuity News

  • Guidance, bulletin or reg? NAIC debates form of annuity illustration update
  • Nationwide adds mutual fund-linked strategy to New Heights Select FIA
  • NUNN INTRODUCES BILL TO CUT RED TAPE, GIVE IOWANS CLEARER INSURANCE INFORMATION
  • NAIC working group pressed to accelerate annuity illustration overhaul
  • State Auditor James Brown Kicks Off Life Insurance Awareness Month With Policy Locator Tool
More Annuity News

Health/Employee Benefits News

  • Regulators claim limited power to control health insurance rate increases
  • Burcum: The fight for fertility coverage needs a governor in its corner
  • A cancer survivor hoped to work — then she lost her Medicaid disability coverage
  • How Iowa’s candidates for governor see the future of Medicaid
  • Shapiro Admin helps Pa. residents prepare for Medicaid changes
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • AM Best Revises Outlooks to Negative for Kemper Corporation, Its Affiliates and Subsidiaries
  • WARREN PROBES RISE OF PRIVATE INVESTMENT FIRMS IN INSURANCE SECTOR FOLLOWING MARK WALTER SCANDAL
  • AM Best Affirms Credit Ratings of Erie Insurance Group’s Members and Erie Family Life Insurance Company
  • MIB reports double-digit life insurance app activity in record August
  • 42% of consumers are confused and unconvinced by life insurance
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
  • MassMutual Ascend Surpasses $2 Billion in Lifetime Advisory Annuity Sales, Reflecting Continued Momentum in RIA Channel
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.