The Pasadena Star-News and Rose Magazine announced this morning that the Pasadena Playhouse has emerged from bankruptcy “after its financial reorganization plan was approved by a Los Angeles court.” Sounds good to me!
The historic Playhouse suffered financial problems compounded by the challenging economic climate earlier this year (take a look at my original post on the subject), but apparently neither of those problems stopped supporters of the arts from donating. In addition to many charitable contributions, the Playhouse received a matching donation of $1 million, jump-starting their financial efforts to get back on their feet.
Look forward to new productions, which they should start staging soon! Congratulations, Pasadena Playhouse!
Vroman’s is working with the Pasadena Playhouse, as well – take a look at our event with Artemis Fowl author Eoin Colfer on August 4th. Come support two of your favorite independent organizations at the same time!