Two university presidents, community leaders and financial board members were on hand Tuesday at the Market Corner branch of Eastman Credit Union on State of Franklin Road to announce a $250,000 donation from the regional banking institution to East Tennessee State University's fine and performing arts center project.
Olan Jones, the credit union's President and CEO, said the contribution continues a longstanding relationship with the college, promotes the arts and education and will help to drive economic development.
The donation puts the fine arts center's fundraising campaign at $6 million, $3.5 million from its total goal.
ETSU President Brian Noland thanked the institution, and said he hopes to soon be able to announce an agreement with Johnson City for the purchase of land for the 1,400 seat auditorium and recital hall.
Funding for the project was not included in Gov. Bill Haslam's budget proposal last month, but Noland said he is hopeful $38 million center will be included next year.