The financially strapped playhouse will close after a final performance of "Camelot." Officials will consider options, including a bankruptcy filing, according to the Times.
The playhouse is the state theater of California. It was founded in 1917. According to the Times' report:
The playhouse made its name nationally starting in the late 1920s, when, in addition to staging plays, it was home to a university-level theater training program that also featured a branch operation in New York City. Nick Nolte, Charles Bronson, Robert Young, Raymond Burr, Dustin Hoffman, Gene Hackman and Sally Struthers were among its students or staff members.
In late September, the Playhouse tried to reign in its financial problems by closing a show one week early. Theater officials said they are not sure whether subscribers will be reimbursed for scheduled 2010 shows.
"We firmly believe it would be irresponsible to continue to operate in the same financial patterns of the past," Executive Director Stephen Eich said in a statement..