Business
Carriageworks to be saved as creditors vote to accept bailout of Sydney arts company – The Guardian
The multi-arts institution, a casualty of coronavirus restrictions, will survive with support from philanthropists and the NSW government
Carriageworks has a clear path towards recovery after creditors voted unopposed on Tuesday for a proposal to rescue the arts company with the support of philanthropists and the New South Wales government, but not everyone is happy with the deal.
The multi-arts institution in Sydneys inner-west went into administration on 4 May after suffering an irreparable loss of income following the shutdown of non-essential services in NSW due to the coronavirus crisis.
Carriageworks owed more than $2m to …
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