Bill Hirschman at Florida Theatre On Stage reports about the Caldwell Theatre and how thay are considering bankruptcy protection but have no plans to fold.
The board of directors at the Caldwell Theatre Company are considering seeking federal bankruptcy protection as one solution to persisting financial problems at South Florida’s longest running regional theater, but it has no expectations of folding or canceling its season, said Artistic Director Clive Cholerton
“We’re not going anywhere,” he said in an interview Friday night after briefing local members of Actors Equity Association about the situation.
The Boca Raton-based professional company, now in its 37th season, is weighing three versions of restructuring its debt which tops $1 million. The board is likely to decide which course to take sometime next week, Cholerton said.
Unlike some theatres with huge debts who seems to be sinking lower with dwendeling subscriptions, Caldwell Theatre at least has some things going for it.
The decision to restructure was quietly made at the end of the year when the company had nearly broken even on its $1.6 million operating budget, but had not been able to earn enough to reduce the debt at all, even though some creditors had court judgments, Cholerton said.
The situation was frustrating because single ticket sales had doubled during the year and the level of 2,000 subscribers, while far below the Caldwell’s glory days, had stayed nearly even.
There is not one theatre within the tri-county area that has not been hit by the way the economy has been down-turning. And every community in the United States probably has at least that one theatre that they thought would not go under. We had our first one when Florida Stage went under. Lets hope the Caldwell can bounce back.
The Maltz Juiter Theatre has just announced there 10th anniversary season complete with classics, showstopers, drama and family entertainment.
The Maltz Jupiter Theatre’s 10th anniversary season will feature the crowd-pleasing brand of musicals that have cemented its popularity, but it will continue its push toward serious fare with two powerhouse plays: Doubt and Amadeus. The rest of lineup announced Monday night includes the mainstream musicals The Music Man, Singin’ in the Rain and Thoroughly Modern Millie.
“We are celebrating our tenth season of success with the best Broadway-caliber productions and events that we’ve ever assembled,” the theatre’s artistic director, Andrew Kato said in a news release. “Our season is filled with classic musicals, family entertainment and captivating plays, including four Tony Award-winning productions and an MGM spectacle. Our audiences will be completely dazzled.”
Christopher Jahn at South Florida Theatre Scene, as well as a few others, have had their comments deleted from the Facebook page "Save The Coconut Grove Playhouse" Could the Facebook page be hiding something?
It started when Steve Shapiro asked me to post something for him. You see, Steve was a long-time staffer at The Grove, and is intimately familiar with the problems that faced it. So he's got a solid insider's view on the issue of saving the Playhouse.
And so he posted his view on the matter on the Facebook page of Save The Coconut Grove Playhouse.
Shortly after he posted his comments, they were deleted. So we took a look, couldn't find them, and posted a couple of questions about claims being made on the matter. Not only were our comments deleted, the page de-friended us.
After you read the above post please feel free to read Christophers next one where he starts to fact check the "Save Coconut Grove Playhouse" FB page.
Since SAVE THE COCONUT GROVE has been deleting any comment made that in any contradicts their views and opinions, we decided to provide a place to discuss the issues surrounding The Coconut Grove Playhouse.
One thing I asked STCGP about was their repeated claim that the $20 million grant being held in abeyance was specifically to restore the old building. At the time, I questioned it because I remember that grant being set aside for capital improvements; they needed a new roof, much of the building was structurally unsound, and its technology was woefully out of date.