UPDATE: The Paramount Theatre in Aurora is suspending its Bold Series effective immediately, following the city’s plans to slash financial support by up to 65%. The Aurora Civic Center Authority announced that this hiatus will commence after the final performance of “True West” on August 31 at the Copley Theatre.
This urgent decision comes amidst significant budgetary concerns, as Aurora Mayor John Laesch revealed the city is grappling with a $7 million budget gap for 2026. The proposed cuts threaten not only the Bold Series but also the financial viability of the Paramount Theatre itself. Laesch emphasized the theatre’s importance, calling it “an important crown jewel in the city of Aurora,” and pledged to keep it operational.
The suspension of the Bold Series means that upcoming productions, including “Covenant” and “Ride the Cyclone,” are canceled and ticket holders will be refunded. This move drastically reduces the organization’s annual programming from 900 to around 700 performances. The Aurora Civic Center Authority also announced a 20% reduction in full-time staff earlier this week.
In a letter to subscribers, authority officials expressed their disappointment, stating, “This decision was not made lightly. The Bold Series has been a vital part of our programming.” They highlighted the series’ role in showcasing important stories and supporting the local arts community.
The Actor’s Equity Association responded sharply to the funding cuts, labeling them a “betrayal.” They urged the Aurora City Council to reverse the proposed reductions, warning that decreased funding would lead to fewer jobs and negatively impact the local economy. “This budget is short-sighted and will only hurt the city in the long run,” said Andrea Hoeschen, Assistant Executive Director for the Central Region of the Actor’s Equity Association.
The city’s financial struggles stem from a mismatch between revenue and expenses. Mayor Laesch noted that the city has been providing too much financial support to the Aurora Civic Center Authority, leading to unsustainable practices. While he acknowledged the theatre’s role in supporting local businesses, he insists that financial stability must precede further investment.
The Aurora Civic Center Authority has been funded largely through city agreements and federal aid, receiving over $11.5 million since 2021. However, with the city’s budget constraints and the collapse of the proposed City of Lights Center, Laesch indicated that future support could dwindle significantly.
If the city does not increase its funding commitment beyond the projected $2.5 million, more cuts to programming and staffing could follow. The authority’s President and CEO, Tim Rater, stated, “If the city’s financial outlook shifts, we are hopeful that we can bring back the Bold Series in the future.”
The implications of these cuts extend beyond the theatre, potentially affecting local businesses as fewer patrons mean less foot traffic in downtown Aurora. The arts have been integral to the area’s revitalization, with over 630,000 attendees recorded in 2024, generating an estimated $24 million in economic impact.
As the situation develops, the Aurora Civic Center Authority remains committed to maintaining its mission of enriching the community through the arts while navigating these financial challenges. The next steps for both the city and the authority will be closely monitored as they seek a resolution to this escalating crisis.
Stay tuned for further updates on this unfolding story.
