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Painted Bride’s building purchase: a striking brand new concept or perhaps a perilous choice?

Painted Bride’s building purchase: a striking brand new concept or perhaps a perilous choice?

If the Painted Bride Art Center announced by the end of November so it would sell its mosaic-sheathed building at 230 Vine St. in Old City and make use of the profits to be a “project-based” organization, the Philadelphia cultural globe reacted with a combination of sadness — and never a small anxiety.

“This choice claims a great deal about arts funding within the town,” stated performer Nell Bang-Jensen, 29. “It scares me personally as being a more youthful musician.”

Yet director that is executive Raczka, 57, states the Bride’s money is reasonably stable right now. There isn’t any deficit that is operating the actual only real long-lasting financial obligation may be the building home loan, which is paid down in 2019.

Nonetheless, “we’ve been struggling each to sustain our budget needs and funding,” Raczka said year. “there is more competition – so many activities occurring in the city, therefore venues that are many. Read more