Off B'way's Signature Theater can get $25 mil gift

Off Broadway's Signature Theater has turned into a $25 million gift within the charitable org Pershing Square Foundation, while using funds being put toward Signature's ongoing low-cost ticket initiative. As a swap, Signature has named its about-to-open new multi-stage venue following a foundation, while using three-theater building now being referred to as Pershing Square Signature Center. It's expected the brand new gold gold coin can keep all ticket prices in the present $25 cost for an additional ten years, getting an additional decade of cost-minded prices to follow along with together with. Signature is poised to start its new $66 million home in midtown Manhattan inside a couple of days. Among the initial shows on tap within the venue certainly are a revival of Athol Fugard's "Blood stream Knot" and "Hurt Village," the newest from scribe Katori Hall ("The Mountaintop"). Pershing Square's foundation might be the charitable arm of Bill Ackman's Pershing Square Capital Management. Contact Gordon Cox at gordon.cox@variety.com