6 of 7
BACKNEXT
Theatre de la Jeune Lune
Theatre de la Jeune Lune
Minneapolis
Founded: 1978
Closed: June 2008

With corporate philanthropy drying up, landmark cultural institutions are in danger of disappearing as they face declines in both ticket sales and the grants they rely on to survive. In June, Minneapolis' Theatre de la Jeune Lune closed its doors after a three-decade run.

"When you approach the foundations and the corporations, they are asking for the five-year plan and a business model," co-founder Dominique Serrand told the Associated Press in July. "That's not how art is created."

Jeune Lune won national acclaim for its visionary, free-spirited shows that mixed re-created classics - Hamlet as a comedy; combining the work of Moliere and Mozart to create a modern Don Juan Giovanni - with dozens of opulent original productions. It picked up a Tony Award in 2005 for excellence in regional theatre, but the company continued sinking further into debt, borrowing money against its warehouse headquarters. In July, the company's board announced the theatre's closure and put its building up for sale.

NEXT: The New York Sun

LAST UPDATE: Nov 05 2008 | 9:59 AM ET
Sponsored by
More Galleries
7 lifehacks to eliminate your holiday hassle Whether curating the perfect gift or finding a pet-sitter, these startups offer time-saving services that might just seem like holiday magic. More
San Francisco: The best city to make things From electric motorcycles to death shrouds, San Francisco's manufacturing sector is booming. More
6 designers shaking up fashion These designers are changing the way we dress, accessorize and shop, from custom made-to-fit dresses to smart jewelry that's actually stylish. More

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.