Carriageworks saved, thanks to a 20-year lease agreement and guaranteed annual funding - two necessities it has battled since opening in 2007, the lack of which forced it into administration.
The arts and culture sector reeled in shock when Carriageworks stepped into voluntary administration back in the first week of May 2020. Australia’s largest multi-arts precinct – and the first to topple during the pandemic – its doors had been closed since 23 March due to COVID-19.
However, the financial stability of Carriageworks was more complex than a virus pushback. The beleaguered institution owed more than $2 million to around 140 creditors according to documents made available to the Australian Securities and Investments Commission.
Gina Fairley is ArtsHub's Senior Contributor, after 12 years in the role as National Visual Arts Editor. She has worked for extended periods in America and Southeast Asia, as gallerist, arts administrator and regional contributing editor for a number of magazines, including Hong Kong based Asian Art News and World Sculpture News. She is an Art Tour leader for the AGNSW Members, and lectures regularly on the state of the arts. She is based in Mittagong, regional NSW.
Instagram: fairleygina
