On behalf of Glendale Arts, we would like to respond to the June 8 article “Alex Theatre's future is in question,” which focused on the Alex Theatre’s third-quarter financial results.
While the article is factually true, the spin is decidedly negative. It focuses solely on the organization’s cash flow rather than presenting the whole picture of the organization’s activities that were highlighted in the report.
Has the 2011-12 fiscal year been economically challenging? Yes.
It’s been challenging for many businesses, especially those in the nonprofit and arts sectors. Yet, despite these challenges, Glendale Arts has fared well. Rentals in the second and fourth quarters have been strong, helping us make up some ground from a three-month maintenance closure in the first quarter.