LENOX — For the first time in its four-decade history, Shakespeare & Company is out of debt and on firm financial footing.
Through a combination of lucrative property sell-offs for a redevelopment deal, contributions and a strong box office season, the $4 million mortgage on the Kemble Street property is completely paid off and the company is maintaining a break-even stability, according to Artistic Director Allyn Burrows.
“Now that we don’t have any more mortgage, we have more flexibility,” he explained. “We are no longer beholden to a bank in Boston. That really gives us a firm footing. It…