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53°
Monday, dec 30
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LoopNet
Business
Covid-
19: Beloved Performance Space For Sale - Local Orgs Lost $55 Million To Pandemic
On the heels of news that cultural organizations and artists west of I-495 have lost $80 million since the start of the pandemic, an art space for well-known local acts is closing. On Sunday, Jan. 31, Director Brain F. Hale said that The Bing Arts Center’s building in Springfield has been put up for sale. The asking price on the more than 10,000-square-foot property on Sumner Avenue is $175,000, according to LoopNet. “Unfortunately the cessation of income was not matched by a corresponding end of facility costs,” Hale said. “Our capacity to continue paying the bills is rapidly diminishing…