SHAW FEST CELEBRATES A BIG FINANCIAL TURNAROUND

Jan 25, 2013

By Michael Kramer

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The Shaw Festival is celebrating a surplus of  $19,000  for the 2012 season.

That’s a $1.5 million dollar turnaround in a single year.

Hazel Claxton is treasurer for the Shaw Festival Board of Directors.

She says the surplus comes after two consecutive seasons of significant losses.

Claxton  attributes the improvement in the bottom line  to cutting expenses by $3.5 million – bringing the Shaw’s budget down from more than $30 million to less than $27 million dollars .

The Festival’s 52nd season features 10 productions beginning April 3rd running until  October 27th .

Tickets are on sale now.

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