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Dance Theatre may bow out in fiscal crisis; Lacking endowment, Harlem troupe faces deficit of $3 million; asks city for help.(News; Dance Theatre of Harlem)
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Byline: miriam kreinin souccar
Right now, Dance Theatre of Harlem is receiving raves on a tour across Europe. But when the world-renowned dance troupe comes home at the end of May, it may have completed its last pas de deux.
The 35-year-old company has been forced to cut its budget in half to around $5 million. It has spent its entire $2 million endowment and is facing a deficit of around $3 million for this fiscal year, ending June 30, according to sources close to the nonprofit.
In February, Dance Theatre laid off its last 11 employees, including the director of ...
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