| Its weekly adjusted gross was approx. $355,000 - at least $100,000 less than operating costs would be. Meaning they have run through at least $900,000 of reserve. They will likely qualify for a $23 million tax credit which goes to investors. I imagine that future sales are no better than sales have been, and that whatever money may be left, plus the return of binds and advances, will go back to investors. No reason to lose more investor money for no reason. If they have gone through all or most of the reserve, they really have to close unless they can get priority loans to stay open - and who would make those loans to a sinking ship. This 'feel bad' musical with two great Broadway stars always seemed to be a quixotic transfer. Who would the audience be? If you've seen this show, try to think how you could describe it to make it appealing to a friend ... its very hard. |
