Citizens Bank has announced it has made a $10,000 donation to the Paramount Theatre in Rutland to support its 2010 season.“We are just delighted that Citizens Bank is generously supporting our upcoming 2010 season,” said Bruce Bouchard, executive director of the Paramount Theatre. “We appreciate Citizens Bank’s partnership and commitment, and we are grateful to the entire team at Citizens Bank, who have been fundamentally important in the building of a new era at the Paramount.”Citizens Bank will help sponsor the remainder of the Paramount Theatre’s 2010 season featuring the following shows: Guys & Dolls, Electric Hot Tuna, Brandi Carlisle, Tower of Power, Garbo and Me, Menopause the Musical, Robert Randolph and the Family Band, Taylor Hicks, John Hiatt Solo, Death of a Salesman, Benjamin Moser Pianist, Rhythm of the Dance, Victor Wooten, Ron White, Ani DiFranco, Spencer’s Theatre of Illusion, and Garrison Keillor Christmas.“Citizens Bank is so pleased to honor and celebrate our partnership with the Paramount Theatre, to support its mission to enrich the region’s cultural life and heritage, and to help steward the Paramount on its exciting journey,” said Brigitte Ritchie, vice president of public affairs and community relations at Citizens Bank Vermont. “Today, we are excited to announce our commitment and witness the spectacular achievements of this community resource for the arts. We believe the Paramount Theatre will continue to serve as a catalyst for economic growth in the Rutland area. We are honored to be a part of it.”Built in 1912 and 1913 by George T.Chaffee. the Theatre, then known as The Playhouse Theatre of Rutland, opened on January 16, 1914. The classical style exterior architecture of the building reflected the “City Beautiful” movement of the time, while the interior took on the look of a Victorian opera house. The theatre provided seating for 1000 patrons and many called it one of the finest theatres in America.During the disastrous flood of 1927, while water lapped at the foundation, the theatre provided refuge for Rutland residents driven out of their homes in lower parts of the city. When “talking pictures” came to town, The Playhouse embraced the movie phenomenon, and as a motion picture theatre, was renamed The Paramount, in 1931.In the 1970s, however, like many small theatres across the country, the Paramount paralleled the decline of the film industry and closed its doors in 1975. The theatre sat empty and neglected for nearly a decade, until the Center on the Alley, Inc. was formed to purchase the theatre for use as a performing arts center.The successful restoration of the Paramount Theatre was completed in February 2000 and an Opening Night Gala in March 2000 honored the artisans and contributors who made the historic project possible. Today it is the only fully-restored, historic landmark that serves as a presenting hall between Burlington, Vermont, and Pittsfield, Mass.”“Once again, the Paramount Theatre has assumed its role as an arts, cultural, and educational leader, and as a significant and valuable community resource. Citizens Bank initially came on board with great trust and assurance that we could make them proud to be in business with us as we set about to help to revitalize a community and to be the primary economic driver of cultural events in the evening in south central Vermont,” added Bouchard. “We’re proud of what we have to offer and are thankful to Citizens Bank for supporting us in celebrating community and creativity. We look forward to a long, healthy, and mutually beneficial relationship in the years to come, and we are extremely grateful to Citizens Bank for their vision and financial dedication to the Paramount. This partnership not only ensures the financial stability of the theatre, but it also vastly extends our ability to promote the performing and cultural arts in Vermont.”The Paramount Theatre will host over 88 production nights for the 2010/2011 Season (including film), attracting more than 40,000 patrons. It has a 15-member Board of Trustees and serves as a not-for-profit cultural and educational institution. The Paramount Theatre is home to numerous arts-producing organizations and civic forums throughout the area.About Citizens BankCitizens Bank is a division of RBS Citizens, N.A., operating its seven-state branch network in Connecticut, Delaware, Massachusetts, New Hampshire, New York, Rhode Island and Vermont. It has 25 branches and 24 ATMs in Vermont.RBS Citizens, N.A. is a subsidiary of Citizens Financial Group, Inc., a $144 billion commercial bank holding company headquartered in Providence, R.I. CFG’s two bank subsidiaries are RBS Citizens, N.A. and Citizens Bank of Pennsylvania. They operate a 12-state branch network under the Citizens Bank brand in Connecticut, Delaware, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island and Vermont, and the Charter One brand in Illinois, Michigan and Ohio. CFG has non-branch retail and commercial offices in about 40 states. CFG is owned by RBS (The Royal Bank of Scotland Group plc). CFG’s Web site is citizensbank.com.Source: Citizens Bank. 6.15.2010
Having designed gravity-base foundation for Minesto’s Deep Green tidal energy plant, a multinational professional services firm Arup has welcomed the completion of the first offshore installation phase for the project.The first offshore installation phase for Deep Green project – completed last week – involved the installation of the gravity-base structure at the seabed in Holyhead Deep site, off Wales.Arup was commissioned by marine energy technology developer Minesto to produce a detailed design of a gravity foundation base onto which Minesto’s 500kW tidal kite turbine would be tethered.Working on behalf of Minesto, the Holyhead Deep site was identified as the ideal location as the area provides low-flow tidal velocities of about 1.5-2 m/s mean peak flow at a depth of 80-100 meters.Arup worked with Minesto to verify the gravity-base foundation’s design using naval architects, structural and marine engineers to ensure the best design was created for the structure.The gravity base structure was constructed by Jones Bros Civil Engineering in a dry dock and towed out to the site and lowered to the seabed by ballasting its cells with water.The installation of the foundation marked the entry into the next phase of the project – taking the UK one step closer to a low carbon energy mix.Gordon Jackson, Arup’s lead designer of offshore structures, said: “This constitutes significant progress for Minesto and we are happy we could play a part in helping the UK transition towards a more sustainable energy future by designing the base structure. We utilized skills from across our energy team to deliver a detailed design for Minesto and it’s great to see the design now finalized, built and in place.”As well as the installation of the Arup designed gravity-based structure, the bottom joint system that moors Minesto’s DG500 power plant to the foundation has also been installed.