Several good points are mentioned in these comments. First, Jellicle Ball may not be the best example to make a case for the end of Broadway since the concept might have been a limited niche market, certainly not for the family crowd the original Cats appealed to. Second, the show was hot over a year ago off-Broadway, so it should have transferred then, not waited for a full year. Third, the Cats movie proved the show itself is no longer a hot property -- in fact, the movie was a disaster at the box office, so perhaps Cats itself is not longer of interest to a large segment of the audience. Fourth, to make the case that expenses are killing Broadway, we need to see the actual financial data for the weekly expenses, the rental percentage, the union costs, the royalty schedules for authors, designers, directors, etc. It is hard to discuss without financial data. Fifth, how has tourism been affected by the Trump governmental policies? What are the hotels showing, the restaurants, the airlines?
Finally, has anyone surveyed audiences to find out if they like the kinds of shows that are being made into musicals? Was there ever a big demand for a musical about Betty Boop? Was there going to be a big audience for 2 Strangers Carrying a Cake? Was there going to be a major audience for musical versions of movie like Back to the Future, Chitty Chitty Bang Bang, Mrs. Doubtfire, another Some Like It Hot, Mean Girls, etc, etc, etc. Not every 30-year old movie needs to be a musical.
In that survey, ask why shows with strong stories -- Ragtime, Hamilton, Death of a Salesman, Dear Evan Hansen, To Kill a Mockingbird, -- shows with major character development, major character arcs, dramatic conflicts and themes about economic injustice, disillusionment with the American Dream, imperialism - why are these the shows that have resonated most strongly since Covid?
I fail to understand why the closing of pellicle Ball Cats is such a tragedy -- did anyone really expect this to run at capacity for over a year and half in order to cover its production costs? Similarly, did anyone really expect a concert-style staging of Sunset Blvd or Chess to run at capacity for close to a year in order to pay back its production costs? I don't think it is accurate to say Sunset, Cats, Chess are in the same "classical class" of a Death of a Salesman, Ragtime, Mockingbird or Othello -- some shows are 'OF THEIR TIME". but other shows are TIIMELESS -- Cats just does not qualify.