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 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)
“The Puritans, to keep the remembrance of their unity one with another, and of their peaceful compact with the Indians, named their forest settlement CONCORD.”
—Ralph Waldo Emerson (1803–1882)
“A Tory..., since the revolution, may be defined in a few words, to be a lover of monarchy, though without abandoning liberty; and a partizan of the family of Stuart. As a Whig may be defined to be a lover of liberty though without renouncing monarchy; and a friend to the settlement in the protestant line.”
—David Hume (1711–1776)