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Tuesday, Apr 23, 2024

Alex Theatre reports losses

CITY HALL , A down economy took the Alex Theatre’s fourth-quarter earnings with it, contributing to a year-end operating loss of $468,502 for the historic city-subsidized venue, according to a report that administrators are scheduled to present to the Redevelopment Agency. Even with the agency’s annual $415,000 grant, the theater ended the 2007-08 fiscal year down $53,502, according to the report. Overall, the loss was $122,684 more than it was for the same period last year. For the full story visit www.glendalenewspress.com/articles/2008/10/21/politics/gnp-arts21.txt

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