Credit Crisis Being Felt on Broadway
The New York Times features an article today about how the banking and credit crisis is hitting Broadway, in terms of its ability to secure financing for new projects:
Tragedy Tomorrow, Economic Woes Tonight
By Patricia Cohen
Like most longtime Broadway producers, James Freydberg is used to getting loans. But recently he found that despite what he said was his perfect credit rating, his bank was not so accommodating. “Banks are unwilling or unable to loan money,” he said.
[ Read the full article ]
This entry was posted on Wednesday, November 19th, 2008 at 9:06 am and is filed under Notes from New York, Theatre News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
