From now until at least 2018, The Basement wants to offer more artistic development schemes, improve access to its two theatres, find alternative spaces to increase what it can offer, diversify the shows it features and make sure audiences continue to be "engaged and inspired".
One priority is to become "a premier development space in Australasia ... ultimately being known internationally for artist development in the emerging performing arts".
They're lofty goals but the Basement management team has put its mission - along with values, goals and priorities - in writing in its strategic plan for 2016-18 and declared: "We believe arts are vital to life! Between bangin' art and bangin' profit, we'll choose art every time."
But, they're well aware that a creative career in New Zealand - especially in an expensive city like Auckland - can be difficult, leading to less work being produced, which means fewer choices for audiences, and less people working in the arts.
Talk to the emerging theatre-makers, performers and producers who have worked at the Basement and you'll find they're fully aware of the financial stresses of their chosen careers - and the myriad other choices offered to them - as well as the constraints on making visual and performing arts in a country with a small, but growing, audience base.