The first steps for ensuring a viable future for the financially troubled Lincoln Theatre have been taken, with oversight passed on to the D.C. Commission for the Arts and Humanities."Creating a long-term sustainable structure for the management and operations of the theatre is one of the District's highest priorities," Hoskins said in a statement. "I felt it was important to move in that direction by asking DCCAH to develop a comprehensive plan for its future operations in consultation with community members and the outstanding arts related organizations we have in the city."
In September, the theatre reportedly had only about $50,000 cash on hand, in comparison to the $60,000 a month it needs to effectively operate.
As a result, board representatives stressed that unless the city allocated $500,000 in operational funds at the beginning of the 2012 fiscal year, the theatre would probably have to close by the end of the year.