U.S. Bank Celebrates Reopening of Historic Howard Theatre

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    April 11, 2012 15:30 UTC

    U.S. Bank Celebrates Reopening of Historic
    Howard Theatre

    Bank Officials Join Developer, City Officials and Music Legends at
    Grand Opening Gala and Benefit for Nation?s Oldest African American
    Theatre

    WASHINGTON–(BUSINESS WIRE)–
    Officials from U.S. Bank, Howard Theatre Restoration, Inc., Ellis
    Development Group, and City officials will gather on Thursday, April 12
    to celebrate the grand reopening of the Howard Theatre with a
    star-studded gala and benefit concert featuring performances and
    appearances by some of the most legendary figures in the worlds of
    music, comedy and dance.

    U.S. Bank, through its community development subsidiary, provided more
    than $10 million in financing in support of the $29 million historic
    renovation. The financing package included New Markets and Historic Tax
    Credit financing structured in partnership with Hampton Roads Ventures,
    Mid-City Community CDE, and DC Housing Enterprises. U.S. Bank also
    serves as a gala event sponsor.

    ?We?re proud to be a partner of choice in the revival of this social,
    cultural and architectural landmark,? said Laura Vowell, Vice President
    of U.S. Bank. ?Howard Theatre Restoration and Ellis Development had a
    vision that this historically-important but badly-neglected structure
    could be brought back to life, and they assembled a team to do it.
    Financial support from U.S. Bank and our partners helped ensure that a
    building which played a significant role in Washington DC?s past will do
    so again in the future.?

    Located near the corner of 7th and T Streets, the Howard
    Theatre?”The Theatre for the People??was originally constructed in 1910
    and served as one of the oldest and most popular performing arts venues
    for African American singers and musicians when the nation was deeply
    divided by segregation. Late greats such as Ella Fitzgerald, Duke
    Ellington, Marvin Gaye, The Supremes and Sidney Poitier all performed at
    the Howard Theatre. The theatre closed in 1980.

    Redeveloped by Howard Theatre Restoration, Inc. in collaboration with
    the District of Columbia and the Ellis Development Group, the 16-month
    restoration of the theatre returns it to its original use as a premier
    performing arts venue.

    ?Our long term goal has been to re-establish the Howard Theatre as the
    ?crown jewel? of the arts and entertainment community in the District,?
    said Malik Ellis, a Principal for Ellis Development Group. ?The
    dedication and collaboration of all those involved in this public and
    private partnership have made our vision a reality.?

    In addition to financing from U.S. Bank, the renovation of the theatre
    has been made possible with support from Eagle Bank, the District of
    Columbia Office of the Deputy Mayor for Planning and Economic
    Development, the Philip Graham Fund, Howard University, the National
    Park Service?s Save Our America’s Treasures Program and contributions
    from individual donors.

    About Ellis Development Group, LLC
    The Ellis Development
    Group is based in the Washington, D.C. metropolitan area and specializes
    in mixed-use real estate development in emerging neighborhoods. Ellis
    Development Group is committed to understanding and building
    relationships with local residents, retailers and corporate partners to
    ensure that development complements the need, desires and flavor of the
    community. Its goal is to be a catalyst in transforming communities
    while ensuring that the past, present and future are embraced.

    About Howard Theatre Restoration, Inc.
    Howard Theatre
    Restoration, Inc. (HTR) is a 501(c)(3) nonprofit organization whose
    mission is to revitalize, preserve and protect the historic Howard
    Theatre in Washington, DC. HTR has led this collaborative effort with
    the District of Columbia and other private entities to bring the life,
    the music, and the people back to The Howard Theatre.

    About U.S. Bank
    U.S. Bancorp (NYSE: USB), with $340 billion
    in assets as of Dec. 31, 2011, is the parent company of U.S. Bank, the
    fifth-largest commercial bank in the United States. The company operates
    3,085 banking offices in 25 states and 5,053 ATMs, and provides a
    comprehensive line of banking, brokerage, insurance, investment,
    mortgage, trust and payment services products to consumers, businesses
    and institutions. U.S. Bancorp and its employees are dedicated to
    improving the communities they serve, for which the company earned the
    2011 Spirit of America Award, the highest honor bestowed on a company by
    United Way. Visit U.S. Bancorp on the web at www.usbank.com.

    Contacts

    Nicole Garrison-Sprenger
    U.S. Bank Public Relations
    (612)
    303-0731, nicole.sprenger@usbank.com

    Source: U.S. Bancorp