The Sarasota City Commission has approved the execution of a partnership agreement with the Van Wezel Foundation for the planning, financing, design and construction of the new Sarasota Performing Arts Center, to be located in Bay Park.

The foundation has assembled a team of theater experts for the new performing arts center, with the architectural selection process set to begin soon, and ongoing community engagement continuing over the coming year. The foundation will also begin transitioning its name to the Sarasota Performing Arts Center Foundation. Additionally, as a public-private investment, the foundation will launch a philanthropic campaign, of which its board has already committed the first $20 million. Public funding sources, including state and federal appropriations, will also be identified in collaboration with city management.

The Van Wezel Performing Arts Hall will continue to operate until a new performing arts center is completed. The city will form a blue-ribbon committee to determine its future.