Palm Beach Opera streamlines, reinvents itself to stay viable - South Florida Sun-Sentinel.com: The nonprofit took out a long-term lease on 6,000-square-feet to save money on renting out rehearsal spaces daily around town. Instead of buying, it invested $75,000 to upgrade the leased space — aiming to save about that much yearly on rentals. It may save even more, by renting its own space to others.
The investment is part of a larger restructuring by the group that has also meant trimming the number of full-scale operas yearly and attracting younger audiences and multi-year donors to improve finances.
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