In June 2008, Cedar Rapids experienced flooding of historic and catastrophic proportions. The Cedar River crested June 13 at 31.12 feet, 19.12 feet above flood stage and 11.12 feet above the previous record set in 1929, with most of the damage occurring in the downtown arts and business district.
The Paramount Theatre, listed on the National Register of Historic Places, was built in 1928 as a performing arts vaudeville palace, hosting Broadway shows, concerts, comedians and orchestra events. After the flood, the ground level of the theatre was submerged under eight feet of water, and the electrical and mechanical systems were destroyed. The community rallied together to save their beloved icon, and brought Ryan in to both restore the damage and update the theatre for the 21st century.
Predevelopment for the project was a long process, with Ryan helping to ensure compliance with state I-JOBS and federal FEMA funding requirements, as well as investigating other funding sources. We used our extensive experience in flood damage recovery and historic restoration to help secure both state and federal historic tax credits. This creative mix of funding was instrumental in the successful restoration and technical enhancement of the theatre, and allowed us to provide an expanded stagehouse and orchestra pit, more comfortable seating, enhanced acoustics, updated audio/visual capabilities, a loading dock and a VIP lounge.
We were extremely proud to win national recognition for our work on the Paramount Theatre project and to be a part of helping downtown Cedar Rapids become a vibrant, bustling arts destination once again.