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Citing the Economy, the Pasadena Playhouse to Close
Bad news for one of the region's major cultural players: Pasadena Playhouse employees learned yesterday that come February 7th, after the final performance of the current staged production, they will be out of a job, according to the LA Times. With $500,000 in bills in addition to $1.5 million owed in loans have leaders looking into the possibility of bankruptcy. Although there is $6 million in their possession, that money can only be used for refurbishing the building. The theatre opened in 1917.
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You come to LAist because you want independent reporting and trustworthy local information. Our nonprofit newsroom doesn’t answer to shareholders looking to turn a profit. Instead, we answer to you and our communities. We are free to follow facts wherever they lead and to hold power to account without fear or favor. Our only loyalty is to our readers and listeners and our mission: to inform, engage, and strengthen Southern California’s communities.
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