MILWAUKEE SHAKESPEARE CLOSING ITS DOORS
October 28, 2008 - Milwaukee Shakespeare is closing its doors due to lack of available funding.
Despite generous support from private and public local, state and national foundations and granting organizations such as UPAF and the NEA, the company’s primary source of operating funds is the Argosy Foundation. Due to the current financial climate, the Argosy Foundation has eliminated support from Milwaukee Shakespeare in order to put itself in the best position to continue to grow and support the community in the future. For this reason, Milwaukee Shakespeare cannot continue its season as planned. While ticket sales have been at a record level so far this season, ticket income only provides a fraction of what it costs to keep a non-profit theatre company running. Milwaukee Shakespeare has been actively seeking and achieving outside support, but the growth has not been sufficient to withstand this loss in its primary source of funding.
A sign of things to come? Unfortunately, you can count on it.
Any other similar activity you're seeing out there?