URGENT UPDATE: The Paramount Theatre in Aurora has announced a sudden pause on its Bold Series due to significant financial cuts from the city. The Aurora Civic Center Authority revealed in a letter to subscribers that the hiatus will commence after the last performance of “True West” on August 31 at the Copley Theatre.
This dramatic shift comes as the city considers slashing its financial support by up to 65%, a move that could dramatically impact local arts and the economy. Mayor John Laesch described the situation as a “significant hole” in the city’s budget, prompting officials to reassess their funding strategy for the Aurora Civic Center Authority.
The cancellation of the Bold Series means that the highly anticipated productions of “Covenant” and “Ride the Cyclone” are now off the schedule, and ticket holders will receive refunds. Officials indicated that this cut will reduce annual performances from 900 to approximately 700, leading to potential further reductions in theater and school programming.
Mayor Laesch has expressed his commitment to the Paramount, calling it “an important crown jewel in the city of Aurora.” He emphasized the theater’s role in supporting downtown businesses, stating that without it, many local restaurants might face closure. “I will work hard to make sure it doesn’t shut down on my watch,” he assured.
In response to the budgetary cuts, the Actor’s Equity Association, representing over 50,000 professional actors and stage managers, labeled the proposed funding reductions a “betrayal.” The union criticized the city’s approach, which they argue undermines the community’s cultural fabric and threatens jobs.
The recent turmoil follows a pattern of financial instability for the Aurora Civic Center Authority, which faced a $7 million gap in its budget for 2026. The organization has historically relied on city funding, which could drop from the planned $7 million to as low as $2.5 million, impacting its operational capabilities.
The impact of this decision could ripple beyond the theater; the Authority reported that over 630,000 attendees frequented performances and events in 2024, injecting an estimated $24 million into the local economy. According to a recent national study, attendees spend an average of $38 per event, a figure that highlights the theater’s financial significance to the area.
With the city’s financial outlook uncertain, the future of the Bold Series remains in jeopardy. Authority officials expressed hope that if the city’s financial situation improves, the series could return. Meanwhile, discussions about potential additional cuts loom, including possible impacts on educational programs.
As the situation develops, residents and arts supporters are encouraged to voice their opinions and advocate for the Paramount Theatre’s future. This evolving story underscores the critical importance of cultural institutions in maintaining community vitality and economic health.
Stay tuned for further updates on this urgent matter as both the city and the Aurora Civic Center Authority navigate these unprecedented challenges.