Gardner said the facade of the category 2 heritage building, currently in a dilapidated condition, would be retained and restored to its former glory. The new theatre would have a seating capacity of around 1200 and allow Hamilton to vie for major touring shows and performances which it currently misses.
Business case and concept designs for the new theatre will be presented to the Hamilton City Council on August 24. At the same time the identity of a number of major private donors towards the about $55 million project will be revealed. The city council has already committed $30 million in principle. A public consultation period is expected to follow with a final decision near Christmas.
"At the same time there will need to be a fund raising contribution. Our role in the Momentum Foundation is to connect and convene," Gardner said.
Hamilton City Council events group general manager Sean Murray confirmed the new design would have a lot more backstage and wing space.
"We hope so - that's why we're doing this. We like the idea that the theatre can be accessed from the river and right in the middle of the city's hospitality district."
Meanwhile Murray said the Founders Theatre remains mothballed awaiting a decision on its future.
"The Founders is not in very good condition. We are waiting for the final decision on the Regional Theatre and then we will review our options."
Hamilton Hotel is owned by the Plaw family. Mitch Plaw said the family supported the new location and looked forward to working with the project team.