“One of the largest venues regularly presenting dance and musicals, the 2,750-seat City Center has more Madoff investors on its board than any other major New York performing-arts group. Madoff himself was a director for at least a decade, until his arrest on Dec. 11, according to City Center tax returns. … The contracting economy and the Madoff investments could clip the wings of [City Center’s president,] one of the city’s cultural leaders.” NOTE: A spokesperson for New York City Center has said that the original renovation budget was $150 million (not $300 as stated by Bloomberg), and that the renovation plans were modified several months before the Madoff situation was revealed. City Center also says that plans for the renovation have not been affected by Madoff