I know I'm chiming in late to this thread. Because I have a hat in the ring, I thought I would clear some misinformation.
First, as strange as this may sound to many naysayers, the show is NOT closing due to poor ticket sales. Just check the Broadway Grosses for yourself. SB is hitting between 75% - 98% weekly grosses. Since June, the show has been hitting the high nineties consistently. Yes, they did experience a few slow weeks. But, nothing close to what folks on here are stating. And, yes, money does play a part, but not in the way it's being stated here. I'll explain further below.
Now, this may be even harder to sell, but the Nederlander Org is not kicking the show out. Developers got the go-ahead from the City to proceed with major construction which is affecting several locations around the Palace. They've been trying to secure permits for some time. Now that they have the ok, Spongebob is just one of the many casualties due to this major construction. Developers are raising the building up one level for underground retail space. Because the building is being raised, the theatre will also undergo interior renovations. The show cannot operate during major construction.
Next, it cost over $10M to bring the show to Broadway. There are no available theatres with the capacity for a show the size of SB. Therefore, there is no way to transfer the show to a smaller theatre and still make a profit. It would be a total loss for Nickelodeon. So stop listening to folks who have no idea of what's going on.
And, one more thing, the show is not going back to the Palace. The theatre is closed until 2020. SB is hitting the road next year.
Updated On: 8/11/18 at 07:22 PM