The theater's board of trustees is exploring options for financial restructuring, including potential bankruptcy reorganization.
"We are suspending operations so we can hopefully move through this challenging time toward a new, financially viable future for the company, while honoring the REP's deeply-held mission to produce diverse, socially-conscious theatre of exceptional quality," said Abigail Buell, the theater's managing director.
"A large amount of funding from several sources did not actualize, and we have not been able to identify major donors at this time," she said."These events have accelerated the REP to an untenable situation. We cannot continue to operate in the same financial model of the past."Sam Woodhouse, the theater's artistic director and co-founder in 1976, expressed his sadness over the move, but was hopeful for a return to the stage.
"The suspension of operations by San Diego REP is a sad day in the history of the company. But this moment in time also calls for a 360-degree, arms-wide-open thank you and bravo to the hundreds of theatre professionals who made 333 productions in the 46-year history of the REP," he said."These productions' legacy of creative achievement is profound and lasting.
"Standing side-by-side these passionate artists and craftspeople are the enlightened San Diego REP audiences. I am equally grateful to these insatiably curious San Diegans who have inspired all of us at the REP to reach for a higher ground," Woodhouse said."Our goal is to bring the REP back stronger, to continue making provocative, progressive theatre, and we're working toward this future.
While the San Diego Repertory Theatre will be suspending its productions, the Lyceum Theatre will continue to host other community and theatrical events.
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