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Wednesday, December 31, 2008

Magic Theatre on Verge of Shutting Down

Posted By on Wed, Dec 31, 2008 at 1:52 PM

Theater critic Chloe Veltman wrote this week that the recession is taking its toll on the performing arts. As the Weekly was about to go to press, more bad news emerged: San Francisco's famed Magic Theatre may have to cancel its 2009 season if it can't raise $350,000 by Jan. 9.

A statement posted on the Magic's Web site blamed the theater's woes on its "accumulated debt of $600,000, combined with sharp declines in earned and contributed revenue due to the global economy."

The announcement comes early in the tenure of artistic director Loretta Greco, whose first two productions -- The K of D and Evie's Waltz -- opened to critical acclaim. Greco came to the Magic earlier this year from New York. -- Will Harper

Photo: The Magic launched the career of playwright Sam Shepard.
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