Clowns out - Send in the bankers

The Big Apple Circus, whose clowns, acrobats and animals performed free for disadvantaged children and the elderly, has folded the tent that has been perched behind Manhattan’s Lincoln Center each holiday season since 1981.

Bloomberg News reports that the circus, a non-profit organization that gave away tens of thousands of tickets a year, ran out of money as support from Wall Street backers never recovered after losses during the 2008 financial crisis. A last-ditch fundraising drive fell $1.1m short of the $2m goal it set last month.

“While the response was heartening, we ultimately did not raise enough cash to go forward with rehearsals and ticket marketing in August,” executive director Will Maitland Weiss said in a statement. “Of course, our door remains open should any potential benefactor want to step forward immediately.”

“The spirit of the Big Apple Circus will stay alive through our community programs,” Weiss said.

To access the complete Bloomberg News article hit the link below

Big Apple Circus Folds Its Tent as Wall Street Support Drops Off

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