Wednesday, February 25, 2015
County Board Majority Working to Bail Out Artisphere
Latest on the Artisphere is the County Board Majority (Fisette, Hynes, and Tejada) are working on a bailout much like they recently bailed out the wealthy elite who run the Signature Theater.
Under the deal that's being considered, the County would pay many of the Artisphere's operating expenses, like utilities, and give the Artisphere's Board of Directors a long-term loan at 1% interest. The County would also pay a theatrical management firm to run the Artisphere. Losses from the Artisphere's operations, like live theater flops, would be camouflaged as "community benefits", paid for by the County and hidden in the budget.
Hynes and Tejada are increasingly outta here and Jay Fisette never met a performing arts group he didn't want to build a live theater for. I was afraid the Signature bailout wouldn't be the last taxpayer bailout for the performing arts groups. It won't.