Norwalk’s Wall Street Theater is being acquired by the New Haven Center for Performing Arts LLC (NHCPA).
The financial aspects of the acquisition were not disclosed. The deal was first reported by the Nancy on Norwalk blog, which noted the acquisition comes at a time when the theater faces an eviction by Patriot Bank through a foreclosure action – the theater’s debt is believed to be roughly $9 million and theater could avoid eviction if it reimburses the bank for $3.1 million.
“With NHCPA’s decades of experience and relationships, exceptional musical performances will be brought to the Norwalk community in 2024 and for many years to come,” said the organizations in announcing the deal. “The Wall Street Theater represents a strategic move to further enhance its commitment to providing exceptional and diverse entertainment experiences. This acquisition aligns with the organization’s vision to foster a vibrant and inclusive arts community, creating a hub for creativity in Norwalk and the surrounding areas.”
NHCPA operates the New Haven venues College Street Music Hall and Westville Music Bowl. Wall Street Theater has shows booked through April, including concerts by A Flock of Seagulls, Cowboy Junkies, The Wolfe Tones and Men Without Hats.
“With NHCPA’s storied professional experience, we will build on Wall Street Theater Company Inc.’s restoration and provide world-class entertainment,” said NHCPA Facility Manager Keith Mahler. “NHCPA looks forward to working with Fairfield County partners established by Wall Street Theater Company Inc. and will work to strengthen these relationships.”
