Painted Bride’s building purchase: A bold brand new concept or a perilous choice?

Painted Bride’s building purchase: A bold brand new concept or a perilous choice?

As soon as the Painted Bride Art Center announced at the conclusion of November so it would offer its mosaic-sheathed building at 230 Vine St. in Old City and make use of the profits in order to become a « project-based » organization, the Philadelphia social globe reacted with a combination of sadness — rather than a small anxiety.

« This choice says a great deal about arts funding into the town, » stated performer Nell Bang-Jensen, 29. « It scares me personally as being a more youthful musician. »

Yet executive manager Laurel Raczka, 57, claims the Bride’s financing is reasonably stable right now. There’s absolutely no deficit that is operating the sole long-lasting debt may be the building home loan, which is paid down in 2019.

However, « we’ve been struggling each 12 months to maintain our budget requirements and money, » Raczka stated. « there is more competition – so numerous occasions occurring in the city, so venues that are many. Lire la suite