Cardenas said the playhouse has not determined exactly how to repay the grant but said it will be a priority in coming months as the board formulates a fundraising strategy. Mittelman used it as collateral for a loan. The Florida Department of State later demanded repayment of the grant after finding out that Mr. ![]() Mittelman bought the CD with a $125,000 state grant awarded to help fund the theater’s renovation. Mittelman put up as collateral for a loan he took out in March on behalf of the playhouse. 20 meeting that it would allow Coconut Grove Bank to keep a $125,000 certificate of deposit Mr. "People want to see tangible results before giving their money to the playhouse. "We need to strengthen our situation and put new systems in place before we ask people for money," Ms. The board cut its size from 35 members to 23, as some members left voluntarily while others missed three meetings, which results in automatic removal. Spivack being the only returning officer. Cardenas was one of four new officers appointed Sept. The playhouse shut down in April when its financial struggles made insurance inaffordable, leading to the forced resignation of longtime artistic director Arnold Mittelman.Įven if a concrete fundraising plan is established this week, theater officials will not seek donations until significant progress is made in repaying the debt, said Emily Cardenas, newly-elected vice chair of the board. Spivack said, with a goal of launching a mini-season sometime in 2007. ![]() The firm is to outline an agenda for fundraising at the meeting, Ms. Shelly Spivack, chairperson of the 80-year-old theater’s board of directors, said the board is to meet this week with AMS Research and Planning, a Connecticut consulting firm hired to help draft a long-term vision for the playhouse by using a $150,000 grant from Miami-Dade County. Coconut Grove Playhouse board members are forging ahead with plans to erase the theater’s $4 million debt by brainstorming fundraising ideas with consultants and addressing several legal disputes.
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