In 2009 MIFA acquired the Victory Theatre located at 81-89 Suffolk Street Holyoke, Massachusetts. The Victory, a 1,600 seat Broadway-style theater opened in 1920 and has been derelict since 1979. It will be returned by MIFA, to its role as a major live theatre for the City of Holyoke, its surrounding communities, and the Connecticut River Valley from Long Island Sound to the Canadian border.
The Victory is being restored through a financing package which includes private, individual, corporate, and foundation donations, public grants, and State and Federal Historic Tax Credits and New Market Tax Credits.
MIFA envisions the transformation of the Victory Theatre into a great cultural institution in the Northeast on a par with Tanglewood, Brooklyn Academy of Music (BAM), and Lincoln Center for the Performing Arts.
MIFA envisions the transformation of the Victory Theatre into a great cultural institution in the Northeast on a par with Tanglewood, Brooklyn Academy of Music (BAM), and the Lincoln Center International Festival of the Arts. The Victory Theatre’s restoration is anticipated to be a catalyst for the revitalization of downtown Holyoke. The restored theater will be the anchor of Holyoke's Arts and Theater District in addition to creating and increasing commerce and tourism in the Greater Holyoke area. The restoration of the Victory will also provide crucial access to arts education for the community, regional schools K-12, and local colleges.
MIFA’s expertise and established position in the performing arts are critical to developing an arts identity and drawing prestigious theatre companies to Holyoke. The restoration of the Victory and its proposed programming will make Holyoke the focal point for the arts in the Pioneer Valley and leverage the arts as a force for economic development in Holyoke.