The University of Minnesota Board of Regents gave their final approval today for the financing package that will renovate the 1929 building that serves as a major performing arts venue for the Twin Cities.
According to a release, the renovation is estimated at $80.8 million dollars and is intended to restore the center with a "multi-purpose 2,800 seat hall, featuring state-of-the-art acoustics, significantly improved sight-lines, cutting-edge technologies and updated amenities, including a cafe and coffee bar."
The funding for the renovation comes from a combination of Higher Education Asset Preservation and Replacement (HEAPR) funds, private donations, university funds and savings and debt service.
The Northrop will close on Monday, February 14, with construction to begin on the 82-year-old facility later this month. The grand re-opening is scheduled for Fall 2013. In the meantime, university activities usually programmed for the Northrop Auditorium will be moved to other venues such as the State and Orpheum Theaters.