At its regularly scheduled meeting on Tuesday, Nov. 1, 2022, the Raleigh City Council will hold a public hearing to hear comment on a proposal to name the Center for the Performing Arts the “Martin Marietta Center for the Performing Arts."
The Center for the Performing Arts includes the Raleigh Memorial Auditorium, Meymandi Concert Hall, A.J. Fletcher Opera Theater, Kennedy Theatre, and Lichtin Plaza and is located at 2 East South Street. The proposed name will be applied to the Center for the Performing Arts for an initial term of twenty (20) years, with the opportunity for two (2) five (5)-year extension terms.
In exchange for the City granting Martin Marietta the naming rights to the Center for the Performing Arts, Martin Marietta has agreed to pay the City an annual naming rights fee, which first annual fee shall be in the amount of $518,000 and shall thereafter escalate by three percent on an annual basis during the initial term of the agreement. If approved by Raleigh City Council, the parties will enter into a written agreement setting forth the term length and naming rights fee, together with other associated rights and responsibilities of the parties following the public hearing.
The public hearing will be held during the evening City Council session, starting at 7 p.m. Members of the public wishing to speak at the hearing may sign up in the same manner as for other hearings on the Nov. 1 agenda. This hearing is being set pursuant to the provisions of City Council Resolution 2021-278.