Broadway Journal

SECOND STAGE BORROWED $16.5 MILLION FOR HELEN HAYES, BACKED BY PROSPECTIVE ‘FROZEN’ LANDLORD

August 19, 2016 by Philip Boroff

Screen Shot 2016-08-01 at 11.25.45 PM
Proposed Facade of Helen Hayes/Rockwell Group via Landmarks Preservation Commission

 

EXCLUSIVE: Second Stage Theatre has less than two years to repay a $16.5 million mortgage on its new Broadway home.

In April 2015, the nonprofit completed its long-awaited purchase of the Helen Hayes Theatre. The “amazing moment,” as Artistic Director Carole Rothman put it, should help raise the profile of the 37-year-old company and the contemporary American plays and musicals it produces, which have won three Pulitzer Prizes since 2010. But in buying Broadway’s smallest venue, Second Stage accepted a big burden.Continue Reading

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