Credit: M.O. STEVENS

artists_repertory_theater_-_portland_oregon.jpg

M.O. STEVENS

Artists Repertory Theatre (ART) has had a huge reversal of fortune in the last few years. In 2017, the company incurred a $309,000 lien from the IRS on unpaid payroll taxes. This was followed by the announcement that they would sell the SW Alder half of their property to Wood Partners, a Georgia-based real estate company, in a move to secure themselves financially. Then a very generous anonymous donor gifted $7.1 million to the company. With the mortgage now paid off and capital in hand, ART is looking to rebuild. Literally.