According to Dana Chabot, treasurer of MCAD, the loss of the Rep’s contract with the Play Circle will reduce the Center’s revenue, especially from resident companies. Although MCAD is working to replace the Rep, Chabot said the situation is more dire than MCAD anticipated.
Tom Carto, president and CEO of the Overture Center, said the Rep also owes money to the Center.
“We’re actually doing better than most peers in the same budget area,” Carto said. “I don’t see programming options as the panacea to solve the income problem. I think we’re on the right track from last year to maintain or slightly improve this kind of problem, but I think we’re going to feel the impact of the economy if the economy continues to flounder.”
Wednesday, March 11, 2009
Rep Ripple Effect
The Madison Rep's closing is reverberating a little bit. This article in the Badger Herald, a student newspaper at the University of Wisconsin, talks about the Overture Center, the venue the Rep will be vacating.