Latest in air rights

New York City has named 11 nonprofit cultural organizations as recipients of $2 million in funding to develop a more diverse workforce on the management side of the performing arts. The money will be used to create “a more diverse pipeline of paid training and mentorship opportunities,” according to the announcement…

Each week Deadline's Jeremy Gerard and Jujamcyn Theatres majority owner and president Jordan Roth talk via email about the state of the industry, the only stipulation being no holds barred. GERARD: If all the houses were as packed as the final performance on Monday of The Odyssey at the Delacorte Theatre in Central…

Jeremy Gerard has covered the shifting fortunes of Jujamcyn Theatres since it became a formidable competitor to the larger Shubert and Nederlander organizations in the late 1980s. In 2013 producer Jordan Roth became Jujamcyn's majority owner and the Street's youngest power broker. In this weekly email conversation…

The mammoth Dream Hotel project underway at the border of the Broadway theater district and the Garment Center just got a little mammother with an expensive infusion of Nederlander Organization air. Translation: Nederlander, Deadline has confirmed, has sold just shy of 20,000 square feet of air above the Neil Simon…

UPDATE Thursday morning: Adds specifics of tax code “1031 exchanges,” in second paragraph, below. EXCLUSIVE: Millions of untaxed dollars from the sale of the air above landmarked theaters — money that might be playing a starring role on Broadway — are going instead to buy fast-food restaurants and bank branches in…