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