Settlement
Because of the great strain on New York's economy, with $7 million lost per performance for New York businesses (taxis, restaurants, and hotels), Mayor Michael Bloomberg intervened and invited Bill Moriarity, president of Local 802, and Jed Bernstein, president of the League of American Theaters and Producers, to meet at Gracie Mansion on the night of March 10, 2003 to continue negotiations. Bloomberg also appointed Frank J. Macchiarola, chairman of the Districting Commission, as mediator.
After all-night negotiations, parties agreed to reduce minimum requirements for musicians from 24-26 to 18-19, which would stay in effect for the next 10 years. Mayor Bloomberg announced that the unions had reached a settlement and Broadway was "no longer dark" the morning of March 11, 2003.
Read more about this topic: 2003 Broadway Musicians Strike
Famous quotes containing the word settlement:
“The difficult and risky task of meeting and mastering the new—whether it be the settlement of new lands or the initiation of new ways of life—is not undertaken by the vanguard of society but by its rear. It is the misfits, failures, fugitives, outcasts and their like who are among the first to grapple with the new.”
—Eric Hoffer (1902–1983)
“The settlement of America had its origins in the unsettlement of Europe. America came into existence when the European was already so distant from the ancient ideas and ways of his birthplace that the whole span of the Atlantic did not widen the gulf.”
—Lewis Mumford (1895–1990)
“Before I get through with you, you will have a clear case for divorce and so will my wife. Now, the first thing to do is arrange for a settlement. You take the children, your husband takes the house, Junior burns down the house, you take the insurance and I take you!”
—S.J. Perelman, U.S. screenwriter, Arthur Sheekman, Will Johnstone, and Norman Z. McLeod. Groucho Marx, Monkey Business, terms for a divorce settlement proposed while trying to woo Lucille Briggs (Thelma Todd)