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ARTICLE 10 (h) Project: Stone Building Feasibility Study CPA Category: Historic Resources Amount Requested: $25,000 Amount Recommended: $25,000 CPC Vote: (7-1-1) Project Description: Since FY08, over $400,000 in CPA funds have been appropriated for projects associated with the Stone Building, including a feasibility study in FY08, an historic structures report in FY10, and exterior stabilization in FY11. The historic structures report completed by Menders, Torrey and Spencer in FY10 not only prepared recommendations for the subsequent exterior stabilization but also provided recommendations for preservation for reuse. Prior to advancing further preservation as described in the report, this FY18 project seeks to ascertain market interest among local and regional arts and cultural groups in utilizing the first floor exhibit space. $25,000 will be used to contract with an exhibit curator to research such groups and to gauge interest in using the space for rotating exhibitions open to the public in a manner consistent with the prior reports. The deliverable will be a market assessment report which identifies groups and entities interested in using the space in the manner described above while having mutually-exclusive use of the upper floor as a lyceum for community use. The report will also identify general security requirements, climate control needs and other physical conditions necessary to secure and protect the art and artifacts while on display. One member opposed the project because he/she opined that this request was too similar in nature to previous studies completed on the facility and the end result would not produce any new information. Project Goals and Objectives: • Provide a market assessment report which will identify user groups interested in using the first floor space for rotating exhibitions and identify general security requirements, climate control needs and other physical conditions necessary to ensure protection of material while on display. Project Benefit: The Stone Building is an historic and architectural treasure in the Town but has sat vacant since August 2007. The re-use of this preserved building in the intended manner will contribute to Lexington's role as a tourist destination and provide an additional regional draw for the visitor economy. Funding Request: This project requests $25,000 in FY18 CPA funds. 17