The company has but to set a reopening date, and a spokesperson mentioned that it discovered further issues it is working to resolve.
“I don’t know how to reopen in full without these funds,” mentioned Chilton, who spent hours attempting to use for one of many grants final Thursday earlier than the portal was pulled offline.
The Rebel Lounge’s income was down greater than 90% final 12 months. It reopened as a espresso store, however the 300-person capability rock membership hasn’t held any reveals and is dropping cash each month.
An extended look ahead to relief regardless of bipartisan assist
The stress helped create bipartisan assist for an emergency grant program. A invoice was launched in the summer season by Republican Sen. John Cornyn of Texas and Democratic Sen. Amy Klobuchar of Minnesota. Senate Majority Leader Chuck Schumer of New York was an enormous advocate and may very well be noticed carrying a “Save Our Stages” masks on Capitol Hill.
But dwell venue house owners have been stored waiting till December’s relief invoice. It offered $15 billion in grants for dwell venue operators and promoters, theaters, and some museums, zoos and aquariums.
Owners have been still waiting for an opportunity to use for a grant when Congress handed one other big Covid relief invoice in March, often called the American Rescue plan. It added $1.25 billion to this system.
When the portal didn’t open final week, it was the final straw for a lot of venues which were struggling to carry on.
“We thought our life preserver was finally here,” mentioned Audrey Fix Schaefer, a board member for the National Independent Venue Association and communications director for a gaggle of venues in Washington, DC, together with The Anthem.
“I’ve heard of more venues closing up over the past week. When you have no revenue and all the overhead, no organization — no matter how successful they were before the pandemic — can survive,” she mentioned.
Losing 90% of income
Many dwell venues are additionally eligible for these different packages, although the Paycheck Protection Program loans have been meant to final just a few months. Those who obtain a grant from the Shuttered Venue Operators program might obtain a bigger sum and will not need to pay it again.
The new grant can complete as much as $10 million or as much as 45% of their 2019 income per eligible enterprise, whichever is much less. The cash can be utilized for bills reminiscent of payroll prices, hire, utilities and private protecting tools.
Operators who’ve misplaced no less than 25% of their income final 12 months are eligible and the regulation offers precedence to those that have suffered essentially the most financial loss — beginning with an unique 14-day interval to those that misplaced no less than 90%.