Tacoma Arts Live Enters Receivership, Plans to Sell Historic Armory
Tacoma Arts Live, a prominent arts organization in Washington, has filed for receivership, a legal procedure akin to bankruptcy. The institution announced earlier this year that it will permanently close this summer and sell its remaining property, the historic Tacoma Armory. The organization cited financial difficulties stemming partly from reduced ticket sales after the pandemic. This development marks the end of a longstanding cultural presence in the region.
Key facts
- Tacoma Arts Live filed for receivership
- The organization will close permanently this summer
- It plans to sell the historic Tacoma Armory
- Financial troubles were partly due to post-pandemic ticket sales decline
- The announcement was reported by The Seattle Times
Entities
Institutions
- Tacoma Arts Live
Locations
- Tacoma
- Washington