27 May
2020
27 May
'20
10:36 p.m.
On 5/27/20 9:02 PM, Ethan O'Toole via cctalk wrote:
Vulcan is reported to have pulled the plug on their entertainment
division (Vulcan Arts + Entertainment). Also part of this is the Flying
Heritage and Combat Armor Museum and they put out an announcement almost
identical to the LCM+L announcement. The Seattle Cinerama theater and
Seattle Art Fair are caught up in this as well. I don't know if the
MoPOP (formerly the Experience Music Project, the Science Fiction
Museum, and Science Fiction & Fantasy Hall of Fame, which occupied the
same building) is part of this.
alan
The big
problem with this situation is that it?s simply unnecessary:
Living Computer Museum + Labs is not independent of Vulcan, and Vulcan
can *easily* afford to keep the people who work there on payroll and
working from home indefinitely.
Did Vulcan have a lot of exposure to real estate? Real estate has been a
huge asset bubble for a long time now. Covid is a perfect excuse for it
popping, even though it's been long overdue for a while. If Vulcan is
taking a hit or predicting they are going to take a hit then managers
might axe all the creative stuff so they don't miss any bonuses.