TEXT OF STORY
Doug Krizner: Thanksgiving is a big moneymaker for New York City. Tourists taking in Macy’s parade, all that shopping. It’s the second most lucrative time of the year for Broadway. But as the stagehand’s strike continues, It’s become hard-knock times for lots of local businesses. Stacey Vanek-Smith reports.
Stacey Vanek-Smith: The lights are off on Broadway, and that’s costing about $17 million every day, according to the League of American Theaters and Producers.
Tom Viola: The entire neighborhood is in really rough shape. And not just the Broadway shows and everybody whose out of work, but restaurants, hotels, cabs, everybody, ’cause the theater is such an important part of New York City.
That’s Tom Viola Executive Director of Broadway Cares, a charitable organization that raises money for AIDS patients. Broadway Cares collects donations from theater-goers, and counts on the holiday rush of tourists.
Viola: Last year, the appeals raised about $3 million in the fall. What we’re losing here on Broadway is about $350,000 a week.
Viola says that loss will hit especially hard this year, with federal and foundation dollars on the decline. To try and make up the difference, Broadway Cares has launched a web page where the public can give.
I’m Stacey Vanek-Smith for Marketplace.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.