Board member Jay Hudson told Thrasher that the legendary film collective has had its funding drastically cut by the New York State Council for the Arts in recent times. However, you can't blame some heartless condo-eyeing developer for this eviction. According to Hudson, La Mama is the landlord.
Per the article:
The two were not always landlord and tenant. Hudson says that La Mama and Millenium moved into 74 and 66 East 4th Street, respectively, at the same time, with La Mama founder Ellen Stewart and longtime Millennium leader Howard Guttenplan at the helm of each organization. Originally owned by the city, Hudson says, in 2005, La Mama "paid a dollar" and became the owner of both buildings (and Millenium's landlord).
For a long time, Hudson says, "There was a standing relationship between Ellen and Howard. I think that kept La Mama from making a move on Millenium."
Stewart died last year.
You can read the rest of the story here. And it's to be continued as La Mama has yet to give its side of the story.