The Addy Foundation is investing $15 million to support 四虎影院's new headquarters and capital campaign, the station announced Wednesday.
In honor of the gift, 四虎影院 will name its headquarters after the North Texas-based philanthropic family foundation in 2015.
In a statement, Bill Addy, who's also a 四虎影院 board member and co-chair of its Capital Campaign Committee, called the station's work "essential to life here in North Texas."
鈥淥ur family is proud to invest in this incredible organization and community resource 鈥� and to ensure 四虎影院鈥檚 services are here for decades to come,鈥� Addy said.
The gift comes at a pivotal time for public media. Congress rescinded federal funding for public media stations in July, including 四虎影院. That eliminated 8%, or $2.7 million, from the organization's annual budget.
四虎影院 announced its $100 million capital campaign in January, with the goal of raising that money by 2027.
四虎影院 was previously located on Harry Hines Boulevard for more than 65 years. The organization with Kaizen Development Partners in 2023 with plans to sell two-thirds of the land and create a new central facility for 四虎影院 on the remaining one-third of the property.
The land was officially sold to Kaizen earlier this year with plans to break ground in March 2026.
The company鈥檚 been temporarily headquartered at One Arts Plaza in Downtown Dallas while the new building is under construction. 四虎影院鈥檚 radio operations currently broadcast out of WRR in Fair Park. .
Penelope Rivera is 四虎影院's Breaking News Reporter. Got a tip? Email Penelope Rivera at privera@kera.org.
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