Cherry Lane Theatre Artistic Director Stepping Down, Selling Building

12/22/2010 12:09 PM |

Cherry Lane Theatre

Following this summer’s news that the West Village’s Cherry Lane Theatre—one of the oldest non-profit companies in the city since its founding in 1924—was in some financial trouble and sitting out the season, ArtsBeat reported yesterday that the company’s artistic director, Angelina Fiordellisi, will step down next year and plans to sell the company’s long-time two-theater home at 38 Commerce Street. Fiordellisi’s depressing explanation to the Times goes like so:

I feel that we can longer do theater for the sake of the art form. We have to adhere to the formula of having a film star in our productions to sell tickets because it’s so financially prohibitive. I don’t want to do theater like that.

Anybody looking for 179-seat and 60-seat performance spaces and got $12 million to spare?