Academy of Fine ArtsLYNCHBURG, Va. (AP) _ A campaign has raised $5 million to restore a historic theater in downtown Lynchburg. The Academy of Fine Arts announced the fundraising amount on Tuesday in a news release. The academy says the milestone triggers the next stage of construction planning. The academy campaign’s goal is raise $16.6 million to restore the Academy of Music Theatre. The News & Advance reports that tax credits would make up the remainder of the $29 million project’s cost. The theater opened in 1905 and closed in 1958. The building sat vacant until 2006. Performers who appeared at the theater in its heyday included actresses Mary Pickford and Ethel Barrymore, blues composer and musician W.C Handy and dancers Martha Graham and Isadora Duncan.