Another Performance Space in Trouble: Cherry Lane Theatre Closing for 2010-2011 Season

07/30/2010 4:00 PM |

Cherry Lane THeatre

Theaters and performance spaces in New York have been racking up huge rent problems on a near-weekly basis of late—3LD, which solved its problem and brought on the Ohio; Dance New Amsterdam, renegotiating next month, the Joyce suddenly potentially homeless—and now you can add Commerce Street’s charming Cherry Lane Theatre to the list. Despite a season including some very good shows (and one very bad), TheaterMania reports that the company is $167,000 in debt, due to a combination of all the arts boogiemen you’d imagine: Reduced grants and government funding, less income from space rentals and ticket sales. The company will take the upcoming season to restructure (its Mentor Project will continue), and there are no plans to renew the company’s third space, the Cherry Pit, when its lease is up in December. Meanwhile, two of its three stages will be in use next month for the New York Fringe. Let’s hope this closure really is just for one season… (ArtInfo)