www.theolympian.com/southsound/story/203400.html -
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Published on: 8/29/2007
Last Visited: 8/30/2007
"They'll have all that room when there's no more buckets to catch the rain," said Gloria Frisch Strait, a member of Harlequin's board.
Harlequin Productions has an annual budget of about $850,000.It has $464,000 remaining on its mortgage.
Although the grant money cannot be used for the mortgage, it frees up other money that could be used to retire the debt, Strait said.
The theater is trying to secure its long-term financial future.It was almost forced to close when revenue plummeted after the Sept. 11 attacks, and the theater dipped $180,000 in debt.Theater-goers and businesses bailed Harlequin out.
"It's critical that we retire the mortgage," Strait said.
The fundraising campaign has netted results.In May, the theater installed a new heating and air conditioning system, and work is under way to demolish the existing administrative offices.
"What they've done so far is great," Strait said.
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