Saratoga PAC Forgives Dance Museum Debt

The Saratoga Perfoaming Arts Center, which has been recovering from financial challeneges of the past few years, has decided to forgive $1.2 million in debt owed to the organization by the National Museum of Dance and Hall of Fame. “The $1.2 million figure represents approximately 15 years of accumulated losses incurred by the museum and absorbed by SPAC. White said that writing off the museum’s debt will not affect SPAC’s current operating budget or its projected surplus for 2006.”