Uptown Entertainment and Development Corporation (UEDC)
The Uptown Entertainment and Development Corporation (UEDC) is a Community Development Corporation that was incorporated as a nonprofit in 1995. The mission is to stimulate the economy in blighted areas in Philadelphia by creating commercial enterprises, developing neighborhood revitalization projects and managing moderate and housing. The UEDC has identified the historic Uptown Theater as its first acquisition and revitalization project. In 2002, they became owners of the actual building. The development plans include renovating the theater into a technology center, artist lofts and office space. Proposed tenants include a faith-based institution, high school, record production facility and restaurant. The technology center will create jobs for 200 youth and adults and provide entrepreneurial opportunities for disadvantaged members of the community. Project participants include Berean Institute, Base Group and the Uptown Cultural District Group. The linchpin of the program strategy will be the creation of a film and media center, technology center and film stage. It will be the headquarters for the Art and Education Youth Programs, provide space for a sound studio and catering facility and house the business offices for the development corporation. The UEDC has received pledges of $3.5 million but it will take around $8 million to get the facility fully operational. The projected completion date is Spring 2011.
Read more about this topic: Uptown Theater (Philadelphia)
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