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Projects Montage
Gerding Theater at the Portland Armory

Through Portland Historic Rehabilitation Fund I, LLC (PHRF), Portland Family of Funds Holdings, Inc. (PFF) structured the tax credit financing, secured a NMTC allocation from Goldman Sachs in New York, and secured the debt and equity for the rehabilitation of the Portland Armory.

Gerding Theater at the Armory

Built in 1891 for the First Regiment Militia, the Portland Armory was for many years the largest indoor space in the city. Throughout the 20th century, generations of Portlanders thrilled to basketball games, wrestling matches, opera and symphony performances, speeches by three US Presidents, even a dynamic performance by the Godfather of Soul, James Brown. PFF structured $36.1 million in financing to allow this architectural treasure to be restored as The Gerding Theater at the Armory.

Now, future generations of Portlanders know their second-largest 19th century building as the home of Portland Center Stage, the city's premier Equity theater group, and the most sustainable theater in the world (it was the first building on the National Register of Historic Places to receive the coveted LEED Platinum designation from the US Green Building Council). In addition to world-class theater, one can learn about the shows, the building's history, donors, preservation and sustainable design through interactive displays. The project also created Vera Katz Park, a new sliver park on the building's north side, a cafe, regular tours, enhanced community outreach programs, and an open door policy to stay awhile at the Pearl District's oldest, and newest, creative space. The building opened to the public in the Fall of 2006

Community Impacts Report - Gerding Theater at the Portland Armory

Learn more about the Armory at www.pcs.org.


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