Message received from Opera Theatre of Saint Louis:
Today, Opera Theatre is excited to announce that we are under contract for the purchase of a 6.67-acre parcel of land upon which we plan to build a new, state-of-the-art performing arts center. We have begun an intensive due diligence process for the site, which is located at 8300 Maryland Avenue and currently owned by Caleres. Initial planning and fundraising are underway, as Opera Theatre evaluates the feasibility of a capital project; a final sale will be subject to the findings of that due diligence process and OTSL has the ability to withdraw from the contract if the findings of that process are not satisfactory.
“As we celebrate our 50th anniversary this year, we are excited by an unprecedented opportunity to build a new home,” said General Director Andrew Jorgensen. “We are still early in this process, but we look forward to being in dialogue with our Opera Theatre community, Clayton residents and businesses, and other stakeholders as we pursue necessary redevelopment steps over the next several months.
“Opera Theatre is only able to contemplate this opportunity because of the extraordinary generosity and encouragement of our supporters. I want to also thank and acknowledge Webster University, which has graciously provided Opera Theatre a home since 1976. We would not be the company we are today without their support, and we are grateful to continue to partner with the university even as we plan for OTSL’s future.”
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