Economic Impact | Columbus In Action

Economic Impact of the Restored Theater

In October 2024, Columbus in Action engaged Nebraska Public Power District’s economic development team to prepare a report measuring the economic benefits created by an active and renovated theater. A summary of these benefits:

Direct and secondary jobs during construction: 63 FTE / $3.2 million payroll
Post construction direct and secondary operating jobs: 17 FTE / $532,000 payroll
Six FTE visitor-related jobs created along with $161,00 in annual visitor spending.
Total direct and secondary output during construction: $13.6 million
Estimated post renovation annual spending and sales: $1.6 million
Tax benefit during construction: $474,000
Annual post renovation tax benefit: $52,600
Estimated annual visitor spending post construction: $660,000

Economic Benefits

Beyond its cultural significance, a contemporary and operational theater has a tangible financial impact on the local economy. It attracts visitors from neighboring communities, boosting traffic to nearby businesses such as restaurants, shops, and hotels. Additionally, a revitalized theater will create job opportunities in various sectors, from construction and maintenance to hospitality and entertainment. By investing in its renovation, you are investing in the economic vitality of our downtown area.

Preservation of Heritage

The historic theater is not just a building; it is a symbol of our city's identity. Its architecture, design, and history reflect the rich tapestry of our past, and its restoration will safeguard our cultural legacy for future generations. We will honor Columbus’ past and contribute to its vibrant future.

Community Engagement

Renovating the Columbus Theater requires collaboration and community involvement. Through volunteer initiatives, fundraising events, outreach programs, and participation from residents, businesses, and organizations across the city, we can preserve and enhance a cherished landmark, strengthen our community’s social bonds, and instill a sense of pride and ownership in this treasured Columbus asset.