As the North Carolina Theatre in Raleigh works to emerge from bankruptcy reorganization, it’s pushing to terminate key contracts, from leases to employment, the Triangle Business Journal reported. The action includes an employment agreement with Eric Woodall, who was named executive artistic director of the theater last September. In a court motion to terminate Woodall’s contract, NCT says that doing so is “a proper use of its business judgment.” The theater is asking a judge to rule that any claims arising from the contract termination be filed in the next 30 days. Last year, Woodall had actively pushed for additional funding for the theater, which is housed downtown at the Martin Marietta Center for the Performing Arts. “We are determined to stay afloat and thriving," he told WRAL in November. But a post-pandemic comeback proved to be a difficult task. Last month, Woodall posted on LinkedIn that he was looking for a new role. The theater's board voted to pursue bankruptcy on Feb. 12. The bankruptcy filing shows just under $205,000 worth of assets and more than $2.1 million in debts.
