Rumor has it that the The Culture Project's IMPACT Festival was a financial disaster and that, after too long living off of the revenues from The Exonerated and Bridge and Tunnel that the financials have reached critical mass and the place is shutting down. Culturebot hears that the artistic director is selling off -or at least vacating - both spaces as of early december, leaving many artists, projects and producers in the lurch. Employees are either being asked to leave or jumping ship as soon as possible. And while it has been said that Culture Project will stay operational by keeping an office and possibly find a smaller space with less overhead, the impression we get from our sources is that it is unlikely to survive.I pass this on not out of gossip-mongering glee, but real concern. And to join Culturebot in alerting us to the imminent crisis of adventurous nonprofits paying their rent, even when backed by wealthy individuals like Buchman.
Buchman seems a passionate man, but perhaps an amateur when it comes to running a theatre. If there were only a smart Managing Director out there who could make the operation run without compromising the mission... Or does it just come down to real estate in the end?