Silicon Valley Looks To Stabilize Its Theaters

“The San Jose City Council voted 10-0 Tuesday to approve a $1 million loan to American Musical Theatre of San Jose. Two weeks earlier, on Oct. 17, the City Council voted by the same margin to bail out the more seriously financially troubled San Jose Repertory Theatre with a $2 million line of credit. The timing is not coincidental. The aid extended to the city’s two largest theater companies is part of the city’s new $4 million Arts Stabilization Fund.”