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Michigan, State theaters launch fundraiser to keep Ann Arbor landmarks alive
Updated Jan 07, 2021;
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ANN ARBOR, MI The Michigan Theater Foundation, which runs Ann Arbor’s landmark Michigan and State theaters, is seeking donations or membership renewals to continue providing virtual cinema and programs.
Revenue has essentially evaporated due to closings caused by the coronavirus pandemic and state-ordered mandates, Executive Director Russ Collins said. From March to October, the theaters averaged about a $10,000 loss per week, he said.
“Before COVID-19 hit, we had an annual budget of about $6.5 million a year,” Collins said. “About $4 million of that budget was so-called earned revenue of ticket sales, concession sales and rentals. And about $2.5 million were contributions. We’ve pretty much been reduced to contributions as our key revenue piece. Fortunately, people have been very generous.” ....

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