The San Jose Repertory Theatre has been a key part of San Jose's downtown revitalization effort. Here are some facts about the theater troupe:

  • The Rep was founded in 1980 and originally operated out of the Montgomery Theater.

  • In 1997 the Rep moved into a $24 million, 584-seat blue cube-shaped auditorium in downtown's Paseo de San Antonio, which was built with $20 million in city redevelopment funds and is now named after former Mayor Susan Hammer and her husband, Phil, who had fought to get it built.

  • In 2006 the Rep faced insolvency, and a city audit found the organization in financial disarray with substantial debt and doubts about its survival.

  • San Jose officials in 2006 approved a $2 million, 10-year bailout plan for the Rep, but the theater continued to struggle under repayment terms.

  • In 2012 San Jose officials agreed to convert the $2 million bailout into a 25-year term loan, lowering annual costs by spreading payments over a longer period.

  • The Rep also has taken aggressive measures to cut costs and boost revenues, cutting staffing from 50 to 30 full-time employees and making special fundraising efforts designed to pay down debt and secure additional working capital.

  • Even so, the Rep's latest financial audit said "there can be no assurance that these actions will be sufficient," cited concerns that "temporary funding" from board members "cannot be relied on for future years" and expressed "substantial doubt about the Theatre's ability to continue as a going concern through August 31, 2013."

  • Director Nick Nichols attributed the auditor's concerns to a lack of cash reserves, something he expects the Rep to remedy within a couple of years.