Pasadena Playhouse Marks a Century with Major Milestone
Renowned for its dramatic history and architectural beauty, the Pasadena Playhouse secured a monumental achievement as it reclaimed ownership of its campus nearly 53 years after declaring bankruptcy. The theater, which opened its doors on May 18, 1925, was celebrated by the Los Angeles Times as a “theater of unusual beauty.” Over the years, it has hosted performances by prominent figures such as Tennessee Williams and Gene Hackman, contributing significantly to the cultural footprint of Pasadena.
A Historic Purchase
On Saturday night during its 100th anniversary gala, the Pasadena Playhouse announced its repurchase of the venue, investing $9.5 million to regain control of its storied home. Artistic Director Danny Feldman revealed the acquisition to a joyous audience, declaring, “As of yesterday at 11:35 a.m., we are now, once again, the owners of the building.” This announcement comes at a time when the organization has overcome significant challenges, including a near closure in 2010.
The Importance of Community and Support
Feldman emphasized the importance of community in this achievement, noting the support from various donors, including significant contributions from the Perenchio Foundation and the former chair Brad King and his wife, Pamela. Their combined philanthropic efforts played a crucial role in facilitating the campus’s repurchase, which includes not just the 686-seat theater, but also a restaurant and office space.
Paving the Way for Future Enhancements
The reinvestment in the Pasadena Playhouse is part of a larger $15 million campaign, which aims to renovate and modernize the facility. With approximately $4 million left to raise, Feldman’s vision extends beyond ownership; he seeks to establish the theater as a cutting-edge space for the next century. The dream to transform the venue comes as the Playhouse recently won the prestigious Regional Theatre Tony Award.
A Legacy of Resilience
The journey to reclaiming the building has not been without obstacles. Originally purchased in the 2001 bankruptcy proceedings for $4.5 million by Brandon Varon, son of Burbank-based developer Greg Varon, the Playhouse had experienced years of neglect. The city intervened to protect the historic structure in the mid-1970s after it had fallen into disrepair, ensuring its survival with a $1 long-term lease agreement.
Plans for Continuous Growth
Now back at the helm, the Playhouse aims to revitalize its campus by staging master classes, experimental shows, and educational programs aimed at serving future generations. The artistic vision includes making the building more accessible and upgrading its facilities, such as restrooms, to accommodate the needs of all patrons.
Conclusion: A Bright Future Ahead
As the Pasadena Playhouse begins this exciting new chapter, it stands as a testament to the enduring power of community support and the relentless pursuit of artistic excellence. With the keys back in their possession, the Playhouse not only safeguards its rich legacy but also fosters a vibrant environment for artistic expression for another hundred years.