National Comedy Center

Developer: Lucille Ball - Desi Arnaz Center

Type of Development: World Class Attraction

Owner: National Comedy Center, Inc.

Cty and State: Jamestown, NY

Contact Person: Thomas Benson, Chairman

Phone: 716.640.3639

Contact Email: [email protected]

Allocation Amount Requested: $30,000,000

Brief Description of Development:

This is a non metro project that will have no debt and the credit equity will go to a not for profit operating company. This is a major capstone economic development project that will generate an estimated $26 million of annual impact and create over 200 jobs.

The attraction is the embodiment of the legacy of Lucille Ball which was the creation of a living breathing tribute to the art of comedy built in her hometown of Jamestown, NY.

This is a true private / public partnership with participation by city, county, local and regional foundations, the State of New York and the Federal Government.

Prominent members of the comedy industry like Jerry Seinfeld, Carol Burnett, Paula Poundstone, Dan Ackroyd, and Bill Engval have endorsed the project.

But-For Statement:

This is a $33 million project and we have identified sources of capital totalling about $26 million and the NMTC equity is required to make the project happen.