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Article: Ballet isn't out of the woods yet; money still tight despite cash injection. (Cleveland Ballet)
- Article from:
- Crain's Cleveland Business
- Article date:
- July 27, 1992
- Author:
CopyrightCOPYRIGHT 1992 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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At its annual meeting this week, the Cleveland Ballet plans to show the public that the financial fires which nearly destroyed it six months ago have been doused. But a closer look reveals embers which could yet flare up and put heat back on the ballet.
David Oakland, the ballet's general manager, and David Gunning, president of its board of trustees, told Crain's the dance troupe plans to make a number of announcements in conjunction with its annual meeting this Wednesday, July 29. Among other things, the planned revelations include word of a grant the ballet has received and news that a sizable payment has been made on its bank debt.
But interviews over the ...