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Zeiterion Theater

New Bedford, MA

Now undergoing a $37 million renovation, the historic 1923 Zeiterion is being restored with original ceiling murals, plasterwork, marquee, and chandelier, alongside modern upgrades like elevator access, new lounges, and expanded community space. The revitalized venue will host ~70,000 patrons annually and generate over $10 million in economic impact. Affirmative Investments helped structure the complex financing—leveraging Historic Tax Credits, ARPA funds, philanthropy, and municipal bonds—to ensure long-term cultural and economic vibrancy in downtown New Bedford.

TDC

$40.6MM

New Markets Tax Credit

$9MM

Historic Tax Credits

$9MM

Financial Closing

June 2024

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