Eyedrum, a non-profit community arts space in Atlanta, faces financial trouble that could force it to move, close or drastically change the way it operates. A press release posted online Wednesday and headlined “Eyedrum May Soon Call it Quits” said:
Facing a heavy rent burden and ever-increasing operating expenses, Eyedrum’s board of
directors held an emergency meeting Sunday, July 11, to consider the survival of the longtime art and music organization.
The options are few. They include a significant decrease in rent, bringing on other Atlanta-based arts organizations to sublet part of the 6,0000-square-foot space, a move to a smaller space, or an end to the award-winning venue altogether.
The release (PDF) says the board will try to negotiate a rent reduction with its landlord later this week, and will meet to discuss it or proposals from other art organizations on July 26, if not earlier. Donations will go toward operating expenses, but the release says, “the urgency and severity of Eyedrum’s financial burden cannot be overstated. Without a hefty reduction in overhead costs, a major move — physically or in terms of the organization’s identity — is unavoidable.”
Eyedrum has been around in different Atlanta locations for more than 10 years, and offers a steadily long list of interesting visual art, music and film. It would be a blow to the community and arts entertainment scene for that to go away. You have to check out the calendar to get a sense of the variety, but here’s an example: last year, the AJC covered an exhibition there about The Great Speckled Bird, a long-ago Atlanta alternative newspaper. Last month, I wrote about how the space was used by artists and community members to create signs to post along the BeltLine.
Thursday morning, Eyedrum board member Priscilla Smith said the non-profit first asked for help about a year-and-a-half ago, and it was OK — for a while. Running a debt-free, volunteer arts organization has never been easy, she said, but as the economy worsened, fewer shows came through town, audiences got smaller and the amount of money coming in shrank even more.
“We cover all our overheard with our own income. We just can’t sustain it at the rate we’re going,” she said.
Until decisions are made, Smith said, Eyedrum will continue to host performances, and to take suggestions. Organizers are planning an art auction, too, to raise money. Nobody wants Eyedrum to close, Smith said, so they’ll look first at renegotiating the lease, then at moving from the 6,000 square foot space near the Mattress Factory Lofts.
Smith said they’ll meet today with their landlord, Braden Fellman. Check back later for updates.