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'Dire' Situation At Music Hall: Detroit Venue Needs $1.7M To Survive

DETROIT (WWJ/AP) - This could be your chance to help preserve a piece of Detroit history.

Officials at the Music Hall Center for the Performing Arts say the venue must raise $1.7 million by the end of April to avoid defaulting on debt.

The Detroit Free Press reports the theater, which opened in 1928 and was reorganized as a nonprofit arts presenter in 1973, has launched a 5-year, $7 million capital campaign designed to eliminate $4.2 million in accumulated debt and provide cash reserves.

A message posted to Music Hall's Facebook page on Thursday reads: "Join Music Hall in its quest to raise $1.7 million to keep our mission moving forward, and the doors on our beloved, historical institution open. Whether it's one dollar, or one hundred - visit to donate and become a part of Music Hall's legacy today."

Music Hall's homepage now features a "Donate to Music Hall" button in two locations which links directly to a PayPal form.

Officials say failure to meet an April 30 deadline could lead to the institution closing. Board secretary Shaun Wilson says the situation is "dire."

The Detroit News reports a fundraiser is scheduled for Feb. 12 starring Chaka Khan and other yet-to-be-announced artists. If the Music Hall succeeds in raising $300,000 by that evening other donors are expected to chip in an additional $100,000.

TM and © Copyright 2016 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2016 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.

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