wsj calls playhousesquare 'model of economic viability'

Writing for the Wall Street Journal, Joel Henning, arts and culture reporter, calls Cleveland's PlayhouseSquare "a model of economic viability in the arts."

"Several Cleveland performing-arts and public-media organizations are in better shape than their counterparts around the country because they are part of PlayhouseSquare, a unique business model in downtown Cleveland," Henning writes.

PlayhouseSquare, the second-largest performing arts center in the country by audience capacity, boasts 10 performance spaces with a total of more than 9,000 seats. It attracts more than a million visitors to 1,000 performing-arts events each year.

What makes PlayhouseSquare unique, the article states, is that it not only renovated and manages the spaces, but also created a local development corporation that owns and/or manager more than 2.6 million square feet of office and retail space.

Next up, reports Henning, is housing. Quoting PlayhouseSquare's Allen Wiant, "We want to build 58 stories of housing in the next few years."

Unlike years past when few lived downtown, there are now 12,000 downtown residents and the residential occupancy rate is at 95%.

Read the rest of the playbill here.