The property will contain a 150-seat main performance theater and a 75-seat "Black Box theater" with flexible space that could be used as a children's theater or for dance recitals or even concerts or symphonies.
There will also be a 35-seat rehearsal theater with a large stage in the westernmost portion of the building that will be used for building sets and will also be used for interns and students to learn carpentry and how to build sets. Artisan housing will also be built for people who come from New York and will stay there for as long as a month while shows are being produced.
At the easternmost portion of the property located along Second Avenue, there will be a building which will house two 90-seat movie theaters with a sculpture and art gallery on its second floor.
The renovations will be done in phases with the intention of building two theaters, the arts cinema, museum and artist housing first.
Barabas said the next step is "embarking on a capital campaign" to fund the construction of the improvements.
"It will be an extensive fundraising campaign with naming opportunities and we will be looking to find corporations interested in having their presence there."