This Theater Thought It Had Two Years Of Surpluses; It Actually Had A $1 Million Deficit

“On Monday, [Carolina Theatre’s] leaders announced they had run up an additional $800,000 in debt since July 2013, when they and the rest of the board thought the city-owned theater was making a profit. The city [of Durham] pays Carolina Theatre of Durham Inc. $654,000 a year to run the complex on Morgan Street.”