It is with heavy sadness, yet also with deep gratitude, that we must inform you that The Source will officially close its doors on January 1st, 2012. Despite many heroic efforts to save The Source over the past months and years, we have finally reached a point where we can no longer sustain the running of our space at 177 Macdougal Street. Our deficits have grown too high, and the terrible economy has badly hurt small theatre companies in NYC, not only The Source itself, but even more significantly the companies that we depend on to rent our theater all year long. These harsh realities have left us no choice but to leave the space.
While we will be closing our physical doors at 177 Macdougal Street, we do not intend to stop producing our fine work, nor do we intend to break up this incredible community we have built together over 12 years. Instead, we are looking at this as an opportunity to transition our community into a new era. We will still produce EstroGenius and our Writers Forum, and will be excited to discover new opportunities in new venues throughout New York City. We look forward to your energy, enthusiasm, and generosity of spirit in creating the next version of “The Source,” and as our community adapts to changing conditions in our ever-changing world, we hope we continue to dream and thrive and grow.
Clearly, there are no words that could possibly express our thankfulness for the 12-year magic carpet ride we have all taken together at 177 Macdougal. We will soon provide details of our closing activities and productions, and we hope you are all able to come join us in our final weeks to help us go out in grand style.