by Crains Chicago Business | Nov 28, 2023 | Uncategorized
“A decline in subscription rates, shockingly higher costs, and donations that haven’t kept pace with inflation have thrown some arts organizations off-balance and spiraled others into crisis. Museums, music and dance venues have bounced back faster. Theaters...
by Crains Chicago Business | Nov 28, 2023 | Uncategorized
Paid attendance and box office income are both nearing pre-pandemic levels, though they’re still slightly below those of 2019. Says CEO Jeff Alexander, “We’re building our way back. … We’re happy. We could be happier.” – Crain’s Chicago Business
by Crains Chicago Business | Nov 28, 2023 | Uncategorized
“Even residents are wary of the city’s ongoing crime surge. Barely half (53%) of Cook County residents feel safe spending time in downtown Chicago (according to a Harris poll). If locals feel unsafe in their own city, how can we expect out-of-town visitors to feel...
by Crains Chicago Business | Nov 28, 2023 | Uncategorized
“Although the pandemic was devastating for all arts organizations, non-majority-run organizations received a lifeline (via) government funding. … These theater companies, many of them small storefront operations, were able to add staff and produce more work. The...
by Crains Chicago Business | Nov 15, 2023 | Uncategorized
“The CSO swung to a $1.4 million operating deficit from (a surplus) of $1.7 million last year. Driving the red ink was a 15% rise in operating expenses to $77 million (and) the drying up of pandemic relief funds.” This despite second-highest-ever ticket income of...
