Governor signs Zeiterion bill to allow long-term lease

Posted Nov 7, 2019 at 9:35 AM

BOSTON — Legislation that would allow the city to enter into a long-term lease with Zeiterion Theater Inc. has passed its final hurdle. On Thursday, Gov. Charlie Baker signed the legislation which had already been passed by the state Legislature.

Zeiterion Theater Inc. is seeking a long-term lease with the city because it is embarking on an $18 million capital improvement campaign to renovate the theater, and tax credits and bonds being applied for require applicants to have a 99-year lease.

“I’m thrilled that the governor and our state legislators support the city’s request to enter into a long-term lease agreement with the Z,” said Rosemary Gill, executive director of Zeiterion Theater Inc. “It means that the Z will be able to make very necessary and exciting improvements to the building and that’s going to have tremendous and long range implications for what our organization can offer to the community and what sort of impact it can have.”

Gill said they have already started conversations with city officials about the lease and said they’ll probably establish a working group with the city.

According to Gill, the group will then have to go before the City Council to negotiate the terms of the lease.

In May, the council voted to send a home rule petition to the Statehouse to pave the way for the long-term lease.

Mayor Jon Mitchell also supported the home rule petition and said on Friday, “Given the importance of the Zeiterion to the cultural life of the city, and knowing the ambitious plans to upgrade the facility, I was pleased to honor the Z’s request and work with the City Council to initiate this home rule petition.”

Mitchell said the long-term lease “unlocks access to millions of dollars of federal investment that could make the project that much more feasible.”

Sen. Mark Montigny filed the legislation for the lease and said in a statement that “It’s taken well over a decade of work in the legislature to provide state funding to the Zeiterion so it could successfully provide New Bedford and our entire region with world class performances and opportunities for children and families. Consequently, the Z has become an economic engine for downtown and we’re very excited for this next phase in its development into a 21st century performing arts center.”

Original story here.