Habima to Be Owned by Tel Aviv Municipality Following Financial Crisis

Automatic TRANSCRIPT

Come to promised cast brought to you on t. v. One the voice of the city that this week announced that it is taking ownership of the national theatre habima and in so doing taking on one hundred million shekels in debt that habima has run up over the past years and in doing all this bringing to a happy conclusion a crisis that we first became aware of a year and a half ago in november twenty nineteen when a man named core case safron sued demanding that the company liquidated its assets and use the proceeds to pay the four million. It owed him for telemarketing services provided to habima by his company. Power dialing at the time the press made saffron out to be a grinch like figure shutting down the world's oldest hebrew theatre for something as unexhausted money filthy lucre. But the fact is you have to do a lot of power dialing. Run up a tab of four million shekels and it's like the old saying goes don't the cold call if you ain't got the windfall. It's the saying. I've heard a lot of people say that anyway. During the hearing it came out that the national theatre was much worse debt than anyone knew so much that that it was like an iceberg and the four million telemarketing chuckles. Were only the small little point. You see above the waterline. Which debt of course only got lots worse during the pandemic and of course the national government has an approved a budget since march twenty eighteen. Meaning that it would be complicated. And maybe even impossible for the treasury and ministry of culture in jerusalem to bail out the theater even if they were of a mind to do it and finally tel aviv mayor room the stepped up and negotiated a deal whereby the theater would become a municipal corporation like the art museum and the land of israel museum in the cinematheque and the camera theater. The director general of habima. A man named noam semel who was hired just over a year ago to steer the national theatre through its financial crisis said quote the tel aviv. Municipality is the mother and father that the bima has never had and quote

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