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Reply to "Imagination Stage - Canceled, Keeping Entire Tuition"
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[quote=Anonymous][quote=Anonymous]If they have to refund money they won’t but with credits they will make it. [/quote] It depends on how long this goes on. All of their expenses except payroll still exist. Ticket sales are a huge part of their revenue stream and will not reopen until stage 4. In person classes, when allowed, will operate at 50% or less capacity forcing them to run at a loss. The new cleaning and distancing regulations are wildly expensive. I am sure they are just hanging on for dear life. Customer service is not at all on the radar now. Only Washington Ballet could possibly be in a worse position due to their real estate responsibilities. Both are old not for profits with excellent reputations. I hope they make it. [/quote]
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