[Source: Tucson Citizen, Letters to the Editor] – – The Fox Theatre is going through challenging financial times – hardly surprising when the same can be said for most nonprofits, and for General Motors, Citigroup, the state of Arizona, and federal government. But there is no reason to give up on the Fox – a 1930 movie palace that has been restored into a sparking icon of downtown Tucson.
There will be difficult times ahead for the Fox. The cost to restore it ballooned from the $5 million to $7 million range to about $13 million before it reopened Dec. 31, 2005. The Fox Tucson Theatre Foundation had to borrow $5.6 million from the city, and the loan must be repaid starting in 2011. But it also is important to look at the successful side of the Fox. Since it has reopened, the Fox has averaged 152 events per year – about three per week. In 2007, the entertainment options at the Fox represented about 31 percent of all downtown events. [Note: to read the full article click here.]