The Practical Proscenium » Theatre Management https://thepracticalproscenium.com VenueTech Management Group's Official Blog Mon, 24 Sep 2012 20:32:05 +0000 en-US hourly 1 https://wordpress.org/?v=157 Managing Vibrant Theatres with Lower Subsidies https://thepracticalproscenium.com/managing-vibrant-theatres-with-lower-subsidies/ https://thepracticalproscenium.com/managing-vibrant-theatres-with-lower-subsidies/#comments Fri, 21 Sep 2012 19:24:01 +0000 http://thepracticalproscenium.com/?p=49 Perhaps the greatest challenge facing Performing Arts Theatres is finding the appropriate balance between the creative goals of the organization and the need for a financially successful business strategy. While “creative expression” and “event excitement” are important components of a Theatre operation, VenueTech recognizes the need to express these elements within the context of fiscal responsibility.

Even in small and mid-sized cities, it is not uncommon for financial subsidies for arts venues to exceed $1 to $2 million. When the economic climate was healthy this was not seen as a significant problem, as the cost of supporting the arts is easily justified as a tool for developing strong communities, enhancing the Read More...]]> https://thepracticalproscenium.com/managing-vibrant-theatres-with-lower-subsidies/feed/ 0