1835 14th St, NW via Cultural DC
From CulturalDC:
“In September 2024, we announced the sale of Source, our multidisciplinary black box theatre in the 14th Street Corridor, due to Covid-related financial shortfalls. Similar to other performing arts organizations in the District, CulturalDC has faced a substantial reduction in income and contributions – both private and public – which has threatened the economic sustainability of Source. Since the pandemic, we have been impacted by increased vacancy and cancellations at Source as occupants have shifted programming, taking advantage of non-traditional spaces leased at low and little to no cost. As direct funding for operations has decreased, we have encountered fiscal difficulty while still staying dedicated to upkeeping the property.
Over the past 20 years, our organization has invested millions of dollars in renovations and maintenance to the building, in order to provide an affordable and flexible venue devoted to serving small and medium-sized arts organizations from across the city. We, as the Board of Directors, have placed priority on the potential transfer of ownership to a mission driven arts organization committed to carrying forward the spirit of Source.
“We have actively approached more than 20 DC-area cultural leaders with the hope that Source will stay within the arts community. It is prudent for us to consider all reasonable offers at this time with a view towards securing CulturalDC’s future.”
– Board Chair, Hiroshi Jacobs
Currently, we are duly considering all fair market value proposals. The revenue generated from the sale of Source will ensure a long-term financial foundation for our free and accessible programming, staffing, overhead, and costs associated with acting as an advocate and resource for the interdisciplinary DC arts community.
Sincerely,
CulturalDC’s Board of Directors”