Alex gets by for now

posted by Michael Zoldessy on March 6, 2008 at 7:55 am

GLENDALE, CA — Despite a growing number of programs and events, the Alex Theatre reported a loss last year. While the yearly money from the city makes up for that, the theatre’s future, after they stop receiving a yearly stipend in seven years, remains in doubt.

Second-quarter financial data released Friday for the Alex Theatre reflected signs of a strengthening client base, a key indicator of how successful its role as an independent venue will be seven years from now when city subsidies dry up, officials said.

While its year-to-date loss had increased $42,000 to more than $247,700 over the same period last year, activity at the landmark theater had increased nearly 24%, bumping attendance up 4.8%, according to the report.

Read more at the Glendale News Press.

(Thanks to DonnaGrayson for providing the photo.)

Theaters in this post

Comments (1)

HowardBHaas on March 6, 2008 at 12:00 pm

Yes, a very wonderful photo! Love the curtain.

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