Painted Bride’s building purchase: A bold new concept or perhaps a decision that is perilous?

Painted Bride’s building purchase: A bold new concept or perhaps a decision that is perilous?

As soon as the Painted Bride Art Center announced at the conclusion of November so it would offer its mosaic-sheathed building at 230 Vine St. in Old City and employ the proceeds in order to become a “project-based” organization, the Philadelphia cultural globe reacted with a combination of sadness — and never a little anxiety.

“This choice claims a great deal about arts funding into the town,” stated performer Nell Bang-Jensen, 29. “It scares me personally as being a more youthful musician.”

Yet executive manager Laurel Raczka, 57, claims the Bride’s capital is reasonably stable at this time. There isn’t any running deficit and truly the only long-lasting debt may be the building home loan, which is paid down in 2019.

Nonetheless, “we’ve been struggling each to sustain our budget needs and funding,” Raczka said year. “there is more competition – so numerous occasions taking place in the city, so venues that are many. Also to maintain this building, we need to repair it up.”

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