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Philadelphia Theatre Company Gets Its Theater Back

HLF Founding Shareholder John Hanamirian, a member of the Board of Directors of the Philadelphia Theatre Company (PTC), was recently appointed Treasurer of the organization. On the heels of this role comes the great news that the troupe was able to buy back its’ home, the Suzanne Roberts Theatre. As reported in The Philadelphia Inquirer on September 18th, “After a long period of uncertainty that threatened its survival, Philadelphia Theatre Company has struck a sweet deal to buy back its home. The troupe on Thursday bought its space at Broad and Lombard Streets for $5 million from TD Bank, which had taken possession of its Suzanne Roberts Theatre after PTC stopped making mortgage payments in 2012; the bank later foreclosed.

Housed at the Suzanne Roberts Theatre, the PTC produces, develops, and presents entertaining and imaginative contemporary theater focused on the American experience that ignites the intellect and touches the soul. PTC is a leading regional theater company committed to balancing its Philadelphia roots with a national point of view that combines a taste for adventure with a dedication to new American plays and musicals.

Founded in 1974, the PTC has produced more than 140 new plays and musicals. It is a member of the League of Resident Theatres, a constituent member of Theatre Communications Group, a member of the Greater Philadelphia Cultural Alliance, Theatre Alliance of Greater Philadelphia, Greater Philadelphia Chamber of Commerce, and the Philadelphia Conventions & Visitors Bureau.