Cultural Watch

Long Debt-Ridden Players Club Finally on Stable Ground, New President Says

(DNAINFO) Noah Horowitz | June 27, 2016 — Michael Barra, the new president of the historic club, said it is out of the danger zone.

The historic Players Club is on stable ground after years of financial trouble, according to its newly elected president.

The Players, a 125-year-old private social club at 16 Gramercy Park South, has paid off or been forgiven the millions of dollars in debt it had amassed by 2014 and is now looking to expand membership, according to Michael Barra, who was elected president on Tuesday.

“We feel like we’ve built a really strong club,” said Barra, 41. “We’ve managed to not only get a clean slate but are now able to invest in the future.”

Barra is president of a division of the Araca Group, a Broadway production and merchandising company that has put on shows including “Urinetown” and “Wicked.”

Source: Long Debt-Ridden Players Club Finally on Stable Ground, New President Says – Gramercy – DNAinfo New York