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The Grand Theater Foundation is a 501(c)(3) public charity, and will now be able to begin the process of finalizing their ownership of the Theater building. Once they own the property, they hope to start the renovation process while continuing to seek donations, apply for grants, and host fundraisers and events. The group's total fundraising goal of $500,000 will allow them to totally update and modernize the building, while bringing back elements of its past and readying it for live performances as well as first-run movies.

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Upon completion and reopening of Third Street, should the City of Knoxville wait to start the next stage of the Streetscape and Infrastructure project until 2015?

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