The history of arts and banking in Charlotte
In between performances by members of the Charlotte Symphony and the North Carolina Dance Theatre at Blumenthal Performing Arts Center, Bank of America CEO Ken Lewis and Wachovia CEO Ken Thompson took the stage to announce the city’s most ambitious cultural fundraising drive ever – seeking to raise $83 million by 2009.
Their appearance along with Duke Energy CEO Jim Rogers was a quintessentially ‘Charlotte’ moment. Whenever anything significant involving the arts community happens, usually one or both of our megabanks gets involved.
The tradition began with former Bank of America CEO Hugh McColl, who deserves the lion’s share of credit for shaping an arts district on North Tryon Street. He believed a vibrant arts community would benefit both his company and the city where it has its corporate base.
Under McColl’s watch, which ended with his 2001 retirement, the bank paid millions to convert the former ARP church on North Tryon into an artist’s colony. Ditto for the Mint Museum of Craft + Design in the former Montaldo’s department store building. Those Ben Long frescoes in buildings around downtown? McColl’s idea. Walk under the domed archway in the Transamerica building, between Therapy Cafe and Rock Bottom Brewery, then look up and you’ll see McColl’s image in one fresco – he’s the one with an hourglass and pup tent.
And so the tradition has fallen to the two Kens, of Wachovia and Bank of America – Rogers of Duke Energy drew laughs on Monday night by calling himself their Barbie. The two banks have pledged $15 million apiece to the fund drive, and Duke has pledged another $5 million. The funds will be used to operate new cultural facilities being planned in uptown.
Some wonder whether the Arts & Science Council will be able to reach its goal. For years, Charlotte held the rank of the No. 1 city for per capita giving to the arts in the nation. So I’d say the chances are good.