High Point, NC -- Thursday morning, the North Carolina Shakespeare Festival announced it is suspending operations, effective immediately.
In a news release, the company based in High Point cited finances as the cause for suspension.
NCShakes released this statement: "Like many arts organizations, NCShakes has faced extreme financial challenges in a difficult fundraising climate. The Board of Trustees, leadership and staff of NCShakes have worked diligently to overcome these challenges. The Board of NCShakes has unfortunately determined that NCShakes' financial circumstances require a suspension of operations and a substantial reduction of expenses at this time."
The North Carolina Shakespeare Festival was founded in February 1977. NCShakes has performed in schools in every N.C. county, according to their website.