Leaders of the financially troubled Colony Theatre in Burbank said that they have achieved a measure of stability and that they are moving forward with a new season, scheduled to begin in September.
In the fall, the 38-year-old Colony was on the brink of shutting down and was looking to raise $500,000 by the end of 2012. While the company missed that deadline, leaders said they eventually raised the money with significant help from an individual donor and a grant from the Marilyn P. & Wayne H. Kohl Memorial Fund.
The Colony declined to name the individual donor, except to say that he is a longtime subscriber who wishes to remain anonymous. They also declined to say how much they have received from the Kohl fund.
"We are stabilized but you never know what the future holds," artistic director Barbara Beckley said in a phone interview.
The company hopes to raise a total of $1 million for the new season with the help of subscription renewals.
Despite nearly closing last season, the Colony managed to mount productions of "Falling for Make Believe" in April and "I'll be Back before Midnight" in February. A production in November of "The Morini Strad" was saved at the last minute by donations.