This is a significant financial disaster.
The Jazz Club will take this next week to ten days to assess the extent of the damage that it has suffered from cancelling the festival and the other events in March.
We have contractual obligations with scores of musicians, venues and vendors too extensive to list. Most of them are facing additional losses as they have other events cancelled.
Wherever possible we will be negotiating resolutions of our contracts. Of course there were many purchases and payments that were made in advance of the event itself.
We feel a special obligation to our musicians. Our ability to hire and support them is one of the concrete ways that we achieve our mission of preserving and promoting jazz. Most of them are already suffering the loss of many other performances.
I'm proud to share with you that a number of our local and national artists, including our Director of Music Ken Peplowski, have already expressed a willingness to help us recover with a benefit concert in the fall. We will explore that possibility once the immediate crisis has passed.
We have over ninety thousand dollars worth of ticket sales for the events that have been cancelled. Those dollars were ALL earmarked to help cover operating costs for those same events.
Once we have confirmed our contractual obligations and other costs we will formalize our refunds plans. As indicated above we need a week to ten days to complete this. It is likely that the refund plan will contain a number of options. We will get back to our ticket holders as soon as possible. We appreciate your patience.
I'll end this communication with an adage that I am finding comfort in,
"What Doesn't Kill You, Makes You Stronger!"