Philadelphia Theatre Company Gets $2.5M Grant, Plus Plan for Reorganization

Just over a year ago, Philadelphia Theatre Company's South Broad Street home was foreclosed on by the bank. Now according to Newsworks, one of the theatre's major benefactors, Suzanne Roberts, has just given a $2.5 million grant under the condition of company reorganization, which will be headed by the Kennedy Center's Michael Kaiser.

Roberts's spokesperson Kevin Feeley told Newsworks: "Just by the fact that he's joined us, he's implied - he's not implied, he's told us - he thinks there's something here to work with. We think there's a good chance for the theater going forward."

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Founded in 1974, Philadelphia Theatre Company is a leading regional theatre company that produces, develops and presents entertaining and imaginative contemporary theatre focused on the American experience. By developing new work through commissions, readings and workshops, PTC generates a national impact and reaches broad regional audiences. Under the guidance of PTC's Executive Producing Director, Sara Garonzik, since 1982 and PTC President Priscilla M. Luce, who joined the leadership team in early April of 2013, PTC supports the work of a growing body of diverse dramatists and takes pride in being a home to many nationally recognized artists who have participated in more than 140 world and Philadelphia premieres.

PTC has received 53 Barrymore Awards and 169 nominations. PTC's home on the Avenue of the Arts, the Suzanne Roberts Theatre which opened in October 2007, has helped revitalize of Center City Philadelphia's thriving arts district.

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