March 14, 2014
Broadway tickets that normally sell for more than $100 are going for less than $30 Thursday, as the Great White Way celebrates the end of a 19-day stagehands strike.
Theatergoers have been lining up and Broadway has been tuning up. As one producer put it, "You can imagine the adrenaline."
Details of the five-year contract deal, reached late Wednesday night, have not been disclosed. It must still be approved by union members.
But now, after nearly three weeks, most plays and musicals shut down during the walkout are expected to be up and running this evening.
The strike couldn't have happened at a worse time, coming during the lucrative Thanksgiving holiday week. And it wasn't just producers and stagehands who were affected. The walkout took a big financial bite out of New York, with businesses like restaurants, stores, hotels, even hot dog vendors, losing a total of about $2 million a day.