Broadway Hit Hamilton Could Get Up to $50 Million Federal Bailout – By Eric Boehm (Reason) / June 30 2021
It must be nice to have Washington’s pile of taxpayer cash on your side.
When it comes to wasteful COVID-19 spending, it might seem like there aren’t many things the federal government hasn’t done.
But just you wait.
Broadway mega-hit Hamilton will receive at least $30 million and possibly as much as $50 million in federal bailout funds, The New York Times reported Wednesday, despite its status as one of the most successful and profitable musicals in American history. The funds are being delivered through the Shuttered Venue Operators Grant (SVOG) program, a $15 billion portion of the $900 billion COVID relief bill passed by Congress last December. Each production affected by the pandemic is allowed to apply for up to $10 million from the program, but Hamilton will get several times that total because the Broadway production and each of four touring shows are separately eligible, according to the Times.
Indeed, it must be nice to have Washington on your side.
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