The Hollywood Arts Council announced a record fundraising haul as it looks to keep actors on stage in the cradle of the entertainment industry. Neighborhood rents are on the rise as megadevelopments transform the area that was once a haven for intimate, scrappy theaters. Rising costs have forced some companies that have operated there for years to decamp for neighborhoods such as Atwater Village or North Hollywood. Celebration Theatre and Open Fist Theatre Company, for instance, recently embarked on itinerant seasons after getting hit with monthly rent hikes as high as 50 percent. The Council, a nonprofit group, has been advocating for a partnership between the theater community, city officials, and the developers behind the massive new housing and retail projects. Its goal: A mixed-use facility that could house a 99-seat theater and rehearsal space alongside restaurants or retail—with parking to boot. The Palladium Residences project near Sunset and Vine...
- 4/30/2014
- backstage.com
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