TheatreWorks Silicon Valley in danger of closing, company says

, a Tony Award-winning stage company that has been a cornerstone of the Bay Area theater scene for decades, is facing a severe post-COVID financial squeeze and may not survive the year, directors have announced. The company, which earlier this year slated to run July 12 to Aug. 6, said in a news release Wednesday that it will be forced to shut down for good if it does not raise $3 million by November.

“We have now reached a danger point,” executive director Debbie Chinn said in a statement. While federal COVID funds helped keep TheatreWorks afloat during the pandemic shutdown, “those emergency sources were spent according to federal regulations, and despite our best efforts to bounce back from this crisis, we are now looking at a gravely dire shortfall in income” Chinn noted. “We have been (making) and continue to make hard decisions, including deep financial cuts within the company.

But frankly, without significant additional funding, we will be unable to continue operations. ” The news is the latest unsettling reflection on how the pandemic, which shut down nearly all live performances for some two years beginning in March 2020, has exacted a lasting toll on the arts and entertainment world in the Bay Area and beyond. Berkeley-based TheatreFIRST recently announced after its end-of-August performances, while several other Bay Area troupes — including Bay Area Children’s Theatre, Dragon Theater, foolsFURY, Ragged Wing Ensemble, Those Women Productions and PianoFight, among others — have closed in recent years.

TheatreWorks, which performs in the Mountain View Center for the Performing arts as well as the Lucie Stern Theatre in Palo Alto, ups the ante on the trend. Along with such companies as in San Francisco and , it is considered one of the Bay Area’s premiere regional professional theater companies. Its predicament can be compared to the Center Theater Group, one of Los Angeles’ primary stage companies, which in June announced a variety of cost-cutting measures that included shuttering one of its three theaters — the iconic Mark Taper Forum — and all productions scheduled there through the 2023-24 season.

TheatreWorks has earned a . It has debuted 72 world premieres over its history, including the musical “Memphis,” which went on to win the Tony Award for best musical in 2010. While not all the closings were due solely to the pandemic, having theaters go dark for two years robbed them of vital revenues and forced patrons to find other sources of entertainment.

A good portion of those patrons have not yet returned to the theater. “We’ve gotten out of the habit” of going out for entertainment, said Giovanna Sardelli, who only recently was named TheatreWorks’ artistic director. She succeeded , another company weathering tough economic times.

Ticket and subscription sales aren’t the only problem. The company is also grappling with a sharp drop in individual and corporate donations, officials said. Currently, the company said it plans to go ahead with its , a series of staged readings of plays in development, actor and playwright appearances and performances, and other events slated for Aug.

11-20 at the Lucie Stern Theatre. Playwrights David Henry Hwang and Rajiv Joseph and performer Shakina are among the scheduled guest artists. Also still on schedule is the opening production in TheatreWorks’ 53rd season, “Mrs.

Christie,” a comedy/thriller by Heidi Armbruster that revolves around the mysterious 11-day disappearance of legendary author Agatha Christie early in her career. The show, making its West Coast premiere, is scheduled to run Oct. 4-29 at the Mountain View Center for the Performing Arts, with Sardelli directing.

Sardelli described the situation as “a profound moment of change” that requires TheatreWorks and other arts companies to re-examine every aspect of what they do and how they do it. But she said she remains optimistic that the company will weather the storm. “I have to believe that when people see how dire the situation is they will come out to support us,” she said.

“I know we are worth fighting for. ”.