http://seattletimes.nwsource.com/html/localnews/2014793900_intiman17m.html
The above article addresses how the Intiman Theatre of Seattle, a Tony Award winning theater and one of the big three theaters of Seattle has decided to close its doors and cancel the rest of their season in hopes of being able to reopen their doors for a 2012 season. In the article they note that the theater has been consistently losing money since 2003. They also report, "In public statements about its financial state, the theater had blamed "management missteps" and lapses in oversight." They further report that the theater had not had regular external audits for over 21 months due to a change in their fiscal year.
Just another example of how important it is to have good arts managers involved in your organization.
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