Thursday, July 16, 2009

Eyedrum facing closure, seeks donations

Posted By on Thu, Jul 16, 2009 at 1:49 AM

Eyedrum, the city's longest-running alternative art and music space, is facing possible closure and asking for help.

From Eyedrum:

Facing a heavy rent burden and ever-increasing operating expenses, Eyedrum's board of directors held an emergency meeting Sunday, July 11, to consider the survival of the longtime art and music organization.

The options are few. They include a significant decrease in rent, bringing on other Atlanta-based arts organizations to sublet part of the 6,0000-square-foot space, a move to a smaller space, or an end to the award-winning venue altogether.

The board plans to attempt a negotiation with its landlord, Braden Fellman, later this week, and will reconvene no later than July 26 to discuss any developments on rent reduction, and to consider proposals from other arts organizations. Arts organizations and investors who are interested in partnering with Eyedrum should contact Vice Chairman Allen Welty Green at agmedia(at)mindspring(dot)com.

Any donations received through Eyedrum's website (www.eyedrum.org) will be directed toward operating expenses. And while such donations are greatly appreciated, the urgency and severity of Eyedrum's financial burden cannot be overstated. Without a hefty reduction in overhead costs, a major move - physically or in terms of the organization's identity - is unavoidable.

Full release here (PDF). We've got a call in with Robert Cheatham, Eyedrum's executive director. We'll update when we hear word.

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