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.
Some of the biggest public companies in the United States, including Wal-Mart, Walt Disney Co., Microsoft, have adopted carbon pollution pricing strategies.