Magic Theatre May Avoid Closure... If the Checks Keep Coming

(Magic Theatre Artistic Director Loretta Greco by David Allen)

San Francisco's Magic Theatre -- a 42-year old institution dedicated to showcasing new and emerging playwrights -- has been hit hard by our crap economy. Will Harper previously reported that the space was in danger of shuttering if it didn't raise $350,000 by Jan. 9. While today could have marked the theater's doomsday, the news now is that the deadline for donations has been extended until Monday at midnight. As of this morning, fans and patrons have kicked down an impressive $280,021 (in bundles of $5,000 a "seat"). Magic Theater  is looking to scrounge up an additional $70,000 this weekend to stay in business.