Nonprofit Newswire | “It’s a Heartbreak Actually” No Season for Cherry Lane Theater

Print Share on LinkedIn More

{source}[[span style=”float: right; border-left: 1px solid gray; border-bottom: 1px solid gray; margin: 0pt 0pt 5px 5px; padding: 0pt 0pt 0pt 5px;width:250px;”]][[h3]]Related Articles[[/h3]][[br /]]{loadposition related}[[/span]]{/source}

July 29, 2010; Source: New York Times | Some arts groups are just hitting a wall as they look at closing out a second year of declining revenues. The Cherry Lane Theater in Greenwich Village is just happy it doesn’t have to file for bankruptcy. The 179-seat Theater, established by colleagues of Edna St. Vincent Millay in 1924, has closed its main stage to its own productions this year after experiencing a real downturn in income from just about every direction. Now looking at a deficit of almost $170,000 it has decided to take a season off and reorganize. The artistic director, Angelina Fiordelisi expresses both heartbreak and resolve. The board appears to be taking a strong role in re-planning but Fiordelisi has a very heavy investment in the theater, having, according to this article, poured $7.7 million of her own money into the building that houses the institution and an endowment for the theater.  It will be an interesting story to watch unfold.—Ruth McCambridge