Melbourne’s troubled Arts Centre, which posted a loss of $1 million in the 2011-12 financial year, has this year recorded a deficit of $7.2 million. The grim figure was revealed in Arts Centre Melbourne’s 2012-13 annual report, tabled in Parliament on Tuesday.
While not quite as great as first feared – some sources originally suggested the deficit could be at least $8 million – it is still a blow for the Arts Centre’s management team, led by Chief Executive Judith Isherwood.
