Calgary's historic Grand Theatre to close if sustainable business plan not found

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CBC News has learned that several employees recently left Theatre Junction Grand after being told there was no money left to meet the payroll. The Theatre Junction Society purchased the Grand Theatre after a successful fundraising campaign in 2004.

The executive director of the society that operates Calgary's Grand Theatre said a feasibility plan was rejected by the building's landlord at the 11th hour, leaving the historic arts and culture hub to face an uncertain future.Posted: Feb 11, 2024 7:00 AM EST | Last Updated: 1 hour ago

"We were really excited to share this with the community, this was a well-thought-out plan that was sustainable," said Lyster. The Grand Theatre was sold to Allied in 2021. After a long search for the appropriate landlord, Lyster said the Grand Theatre Society felt comfortable selling to Allied because of their support for historic buildings.

"To see us lose a venue because there isn't a business model that supports its long term operation is heartbreaking," said Ball. "It was a great time … everybody came to the theatres in those days. I mean, everybody," said Gauthier.

 

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