INVESTING IN THE BIZ

Two of the producers of “Rent” on Broadway are plowing some of the millions they earned on the show back into the business. They propose to build a new Off-Broadway performing arts center. “The proposed eight-story building will include two state-of-the art off-Broadway theaters (one with 499 seats, the other with 450), dance studios, rehearsal halls, office space and condominiums. The cost of the project is $15 million.” – New York Post