The Bahamas Creative and Performing Arts School (CAPAS) will operate out of the former Phil's Food Service building on Gladstone Road, which is being renovated at a cost of between $5m and $7m.
The school will open with an initial enrolment of 20 performing arts students and 40 production students.
The government will pay UTA more than $300,000 a year, covering around nine paid positions.
A customized collection of grant news from foundations and the federal government from around the Web.
John Converse Townsend, a Forbes contributor, shares what can the private sector do for a social enterprise. He encourages social enterprises to reach out to corporations for help to scale up their businesses.