“The city of Denver is cutting the Colorado Symphony extra slack in two lease deals that will provide the organization with nearly free office space and cheaper rent to use Boettcher Concert Hall,” writes Jon Murray in Tuesday’s (5/8) Denver Post. “Two years ago, the Colorado Symphony Association ended the year in the black for the first time since a 2011 internal review declared that it was on the brink of financial disaster… The association … will get an extra cushion from an estimated savings of $166,000 a year at the city-owned Denver Performing Arts Complex under two lease agreements … approved Monday…. Ginger White Brunetti, the city agency’s deputy director, said the changes … ‘provide the symphony with a home at the arts complex and Boettcher Concert Hall’ … through June 2021…. The Colorado Symphony will continue to use … office space at 1245 Champa St., where it had most recently paid $60,000 a year, for $1 annually…. At Boettcher, the association had paid rent … totaling $286,000 in the 2016-17 season. The new lease calls for … $180,000 per year…. The Colorado Symphony has agreed to increase its schedule of free community concerts from three a year to seven.”
Posted May 11, 2018
