Yesterday, after months of hearings in committees, the City of Los Angeles finally made a commitment to help restore Broadway as a center for live entertainment and – most importantly – live theater.
And that should be important to everyone in an increasingly financially precarious city. Few people in Los Angeles know that Broadway theaters alone – and not counting Off-Broadway or Off-Off-Broadway theaters – or the major Lincoln Center non-profit theaters, bring 5 billion dollars every year into the economy of New York City.
Yes, five billion dollars.
What passed was simple enough. To start a master plan to develop the infrastructure that will make Broadway once again a cultural and entertainment center for the entire city; an entertainment center that will bring major conventions to the city and fill the hotel rooms throughout the city of Los Angeles.
And bring lots of dollars into the city's treasury.