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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.