Wednesday, March 18, 2009

Garbeau's Survives

Welcome news from Mark Ferreira:
Garbeau's Dinner Theatre in Rancho Cordova has a new lease on life.

The landmark theater raised the $8,000 over the weekend that it needed to avoid closure, reports Mark Ferreira, Garbeau's CEO.

Not only was the monetary goal met, but Ferreira said Washington-based landlord Andy Lakha has relented on certain terms and will discuss renegotiating the lease today with the company.

Ferreira said media coverage was a significant factor in keeping Garbeau's open. Theaters throughout the region also rallied behind Garbeau's efforts.

"The fact that all the other theaters said they would support us by honoring our season passes was huge. It really helped us sell an enormous amount of the passes," he said.

Ferreira said Lakha could see the company has positive momentum and, more importantly, a significant amount of cash was put toward the back rent.

– [The Sacramento Bee's] Marcus Crowder

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