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Painted Bride’s building purchase: A bold brand brand brand new idea or even a perilous choice?

calendar 17/12/19
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Painted Bride’s building purchase: A bold brand brand brand new idea or even a perilous choice?

Whenever Painted Bride Art Center announced at the conclusion of November so it would offer its mosaic-sheathed building at 230 Vine St. in Old City and employ the profits to be a “project-based” organization, the Philadelphia social globe reacted with an assortment of sadness — and never a small anxiety.

“This choice claims a great deal about arts funding into the city,” said performer Nell Bang-Jensen, 29. “It scares me personally as being a more youthful artist.”

Yet executive director Laurel Raczka, 57, states the Bride’s money is reasonably stable at present. There’s no operating deficit and the sole long-term financial obligation could be the building home loan, that will be repaid in 2019. MORE >

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