The Cabaret Dinner Theatre in Grand Junction reopened this morning, after having its assets seized by the State of Colorado on Thursday, February 22, 2008 for failure to pay taxes.
The theatre found itself in a major financial hole due in part to a tumultuous fiscal 2007 and sluggish ticket sales in January, 2008. Through major corporate restructuring in 2007, the Cabaret reduced its overhead substantially. However the company was temporarily unable to make its required regular tax payments.
Through support from the community, and a new investment program, Executive Producer and Managing Member Kirk McConnell was able to secure enough funding to pay off the back tax debt to the state and reopen on Monday, February 25, 2008 at noon.
But the theatre is still in need of help. The Cabaret lost over $25,000 during the forced closure because of the cancellation of five shows and the temporary shut-down of the Spotlight Lounge. This, coupled with the past debt load leaves the business with a major financial burden.
Anyone who wishes to assist the Cabaret in overcoming its current financial problems may do so in any one of several ways:
Non-tax-deductible donations may be made to the Cabaret Community Support Fund at Grand Valley National Bank in Grand Junction.
The Cabaret also has a new program, which allows interested parties to invest in individual productions. These investments yield attractive returns for short-term investments.
Businesses can help by purchasing advertising and corporate sponsorships, and by booking private houses.
Finally, patrons and supporters may still help by continuing to buy tickets, bringing their friends, and purchasing season tickets.
The outpouring of support from the community at large has been remarkable. With that continued support, the Cabaret will continue to delight audiences for years to come.
The Cabaret Dinner Theatre is located at 701 Main Street, in Grand Junction CO.
If you’d like to support the Cabaret Dinner Theatre, donations can be made at any local Grand Valley National Bank by making a deposit into The Cabaret Community Support Fund.
Grand Valley National Bank
PO Box 848
Grand Junction CO