- Associated Press - Wednesday, January 29, 2014

CHARLOTTE, N.C. (AP) - The effort to convert the old Carolina Theater in Charlotte into a civic meeting hall has gotten a significant boost from Bank of America.

The Charlotte Observer reports (http://bit.ly/1lmJZ4j) CEO Brian Moynihan announced that the Charlotte-based bank is giving $5 million to jump-start the $25 million project, which calls for closely re-creating the building’s original appearance, rather than attempting a complete historic restoration that would cost more.

Foundation for the Carolinas CEO Michael Marsicano called the donation, which was announced Tuesday, “extraordinary,” and said it aligns the Carolina Theatre project with a long series of other Bank of America-backed cultural and arts projects.

The foundation’s plan is to use the theater as a meeting place where the community can hold large meetings, stage debates and votes, or hear lectures.

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Information from: The Charlotte Observer, http://www.charlotteobserver.com