Florida Stage Folds
Founded in 1987 (relatively recently for a major regional theatre) Palm Beach's Florida Stage dedicated itself to new writing, and made a good run at it.
Now they're bankrupt and shutting down . For good.
They're claiming Madoff fallout, but looks like they had other problems, too.
A nice appreciation of the company--and roundup of local reactions--on the blog, South Florida Theatre Scene.
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1 comment:
Thanks for the link!
A lot of the shortages in Palm Beach really do come back to Madoff. Florida Stage lost backers, Ballet Florida lost even more. A producer of another company was telling me that the day after the Madoff story broke, one of his long-time supporters (who had just donated $10k) called to ask for his donation back - it turned out that it was the only actual cash he had - Madoff had "made off" with the rest.
And we're still seeing ticket sales evaporate as people remain unemployed, and retirees lose their benefits - or have them reduced.
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