Didn’t I write about this weeks ago?
Anyways first off I have no knowledge of what IMP is doing but I think they own 930 building, and on Lincoln and MPP I doubt they have to pay rent at this time...they are operator on those
The big one is rent on Anthem and I would think some arrangement was made with the Wharf developer
Of course there are a ton of other costs and IMP is doing stuff for staff like running a food pantry for which they have to pay staff...I think a lot of the full time staff continues to work...someone is keeping up the social media posts, negotiating with promoters and artists on suspensions, paying the bills, lobbying for support, etc
I just think this is a real big hit...even when you reopen you can’t assume sales will be what they were right? What about shows you were counting on X tickets sold to make a profit? Can you renegotiate with artists? It’s really complex
What about staff? The more this goes on the more people might have to move on and find other work? Move back home (a lot of staff are really young folks)?
It’s a bitch all around...I am sure Donna knows what she is doing though
