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Toledo Rep $250,000 in the hole - Story in the latest City Paper. Trouble paying staff, angry creditors, unpaid electric bill, behind in rent payments. "... the Rep has many creditors and relies on the generosity of the board members to keep the theater functioning. The year-to-date profit and loss statement indicates that we are in a profitable position. Unfortunately, we have so much financial baggage from the past that we are still digging out of that. It is leaving us in a negative cash flow position." The Rep is a non-profit organization.
posted by jr to art at 11:12 P.M. EST     (No Comments)

tags:   art   theatre   ToledoRepertoire   budget  

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Toledo Repertoire Theatre plans budget cuts - February 24, 2003

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