In a statment, the League of Independent Theater has announced the Independent Theater Fund. According to a statement: "For over sixty years, Off-Off Broadway (now known as Independent Theater) has provided a haven for New York City theater artists and served as a cauldron and cradle for new and innovative American theater.
"This sector has grown beyond a “starting place” for many artists and now provides the artistic home for over 10,000 individuals and 300 companies. But this civic treasure is threatened. The economic realities of New York City have forced many artists and companies to leave New York. Philadelphia, Chicago, Minneapolis, Des Moines and many other cities are poised to replace New York as the center of new American theater. We refuse to lose this historic, cultural and civic treasure. We are beginning an annual, reliable funding pool for the independent theater territory. And it only costs a nickel.
"The initial allocation of funds has yet to be determined, but areas under discussion include:
- Real Estate Fund (Money for venue renovation and repair, equipment upgrade, etc. Also, a Seed Money Fund will be created for real estate purchase.)
- Project Grants (Money to create shows.)
- Individual Grants (Money for independent theater artists and practitioners.)
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