434
ELMIRA, N.Y. — An affiliate of Aries capital, Urban Development Fund LLC, has provided $15 million for the renovation of the Clemens Center in Elmira. The $24.5 million project will include upgrading the stage areas, dressing rooms, work areas and building technology. The funding was made possible by an allocation of New Market Tax Credits. This loan is one of two $15 million loans Urban Development Fund is providing for the project. The construction timetable for the project was not released. The Clemens Center consists of the 1,608-seat Powers Theater and the 200-seat Mandeville Hall.