First Cultural Investment Fund Loan Repaid Early

CIF Gillioz repayment 10-10

Michael Owens, center, presents the Gillioz Theatre's loan repayment to the APSI panel at its Oct. 22 meeting.

The Gillioz Theatre, which received the first loan made through the CFO’s new Cultural Investment Fund, made the first repayment to the program after a successful event hosting Blues Traveler on Oct. 14.

The program was introduced as a means to help Springfield-Greene County arts and cultural organizations pay advance costs for performances and exhibits.  The Gillioz made the first application on Sept. 20 for  Blues Traveler and paid the loan back well in advance of its 90-day due date.

Michael Owens, Director of Theatre Operations for the Gillioz, visited the Arts Programming Sustainability Initiative Panel’s October meeting to officially repay the loan as well as submit two additional requests for upcoming events.  Those requests were approved for an additional concert and a family oriented theatrical performance during the Holiday season.

Ideally, the Gillioz Theatre’s successful example will spur other Greene County arts and cultural organizations to use the Cultural Investment Fund  for assistance in offering quality arts programming for our region.