Couple of distortions in this thread that should be corrected.
GYPSY opened to more favorable reviews than negative, including raves from The New York Times, New York Post, USA Today, Washington Post, New York Magazine, The New Yorker, Associated Press, New York Observer, Newsweek, New York One and the Journal News, and a near rave from Entertainment Weekly. Negative reviews were filed by Variety, Daily News, Newsday, Star-Ledger and the Bergen Record.
If Arthur Laurents actually made that statement at the DGA about Bernadette, he has no one to blame but himself. Her casting was his idea and he had everything to do with it. Sam Mendes' first choice was Patti Lupone, but Laurents is still holding a grudge against Lupone for dropping out of Jolson Sings Again.
About two and a half months into the run, after the pre-opening drama, the illness, the Tony Awards, a strange thing happened to the production. Everything relaxed, and they just started doing the show. From that point on, it was one of the best acted Gypsys I've ever seen, with Peters doing incredibly shaded, thoughtful work, showing different characteristics of Rose in every scene. The scenes between Peters, Blanchard and Dossett were especially strong and sharply realized the longer they lived in those roles. I heard Sondheim at one performance particularly impressed with Blanchard in the Minsky's dressing room scene, remarking that it's the first time he saw a Louise who became the mother, reversing the power struggle in that scene.
The production did lose money, but it recouped more than half of its $8 million inverstement. It's more that can be said for most of the musical revivals out there, most of which end up as money losers in the long run. It's surprising that producers still attempt so many of them.
"Gif me the cobra jool!"