Posted on Thu, Jul 7, 2011 : 1:07 p.m.
Purple Rose lost money in 2008, 2009
By AnnArbor.com Freelance Journalist
Michigan Capitol Confidential, a conservative website, has published a post noting that the Purple Rose Theatre in Chelsea reported financial losses in 2008 (nearly $200,000) and 2009 (about $65,000).
The post notes that the losses came while Purple Rose founder Jeff Daniels was involved in a marketing campaign put on by the Michigan Economic Development Corporation aimed at boosting the state's business climate.
The Chelsea Standard reported last week that the theater had laid off three staff members.
Comments
Lynch Travis
Thu, Jul 14, 2011 : 2:44 a.m.
What do the Purple Rose losses have to do with the structure of business taxes in Michigan? As the magazine points out, the Rose is a non-profit, meaning its not subjectsubject to taxes on its revenue! What they should be talking about is the changes in Federal tax laws that have impacted corporate and individual charitable giving to all non-profits. Oh, that's right, those bills were passed under "conservative" administrations. Perhaps constructive journalism may have researched the Rose's financial picture for a period of years to see where they are and have been over the long run. Perhaps they could have also looked at the total number of jobs created by the Rose over the years, including how the Rose bolsters the local town economy. Seriously, how can any one rag on a campaign that casts our state in a poisitive light as a business community?