JS May

Theater news: Artists Rep prepares for another leap

Artists Rep has big plans for keeping its theater space in downtown Portland in downtown Portland—a two-theater complex with room for its ArtsHub partners.

Artists Repertory Theatre hired J.S. May to be its executive director less than six months ago, and he and his board are already about to make a big move—a $10 million-plus capital campaign that will redesign and renovate its building on Southwest Morrison Street.

Just looking at the recent financial history of the company, that qualifies as “jaw-dropping.” Since November 2017, the company has: 1) incurred a $309,000 lien from the IRS on unpaid payroll taxes, 2) parted ways with previous executive director Sarah Horton, 3) announced the sale of half its property at 1515 SW Morrison St. to a Texas-based real estate company, which will develop it into a 22-story residential tower (the sale closes on June 1, May says), 4) received an anonymous donation worth $7.1 million, and 5) notched another $500,000 donation that it needed to help shore up the half of the property the company will retain, a requirement of the sale.

The building concept by Lever Architecture for the proposed renovation of Artists Repertory Theatre/Courtesy Artists Repertory Theatre

The influx of money resolved the IRS problem, paid off the mortgage on the building, and covered some substantial bills and debts the company had accrued. Did it also tap out the company’s likeliest donors for the capital campaign? May seemed pretty confident about raising the money Artists Rep needs last week when we went over the company’s plans, primarily because of the value proposition: For $10-11 million Artists Rep will be able to build a theater complex worth more than $30-35 million, May said, if you had to buy the land, too. The proceeds of the sale of the half-block has already jump-started the process.

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