Fifth Avenue Theatre Faces $7.5M Deficit, Launches Fundraising Drive
Seattle News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Seattles Fifth Avenue Theatre grapples with a $7.5 million deficit, driven by rising production costs and plummeting subscription revenue. To combat this, theyre launching a $12 million fundraising campaign, aiming for $6 million in the first six months. Despite some subscription recovery, theyre still half of pre-pandemic levels. Cost-cutting measures include reduced leadership pay and fewer shows. Meanwhile, other Seattle arts groups like the Seattle Repertory Theatre have faced layoffs and mergers, but have seen attendance and revenue growth. Despite challenges, the theater has announced its 2026-2027 season, featuring local and touring productions.
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