Entertainment (aside from the Fundraisers) for the month of October and part of November has been cancelled as the Dream Café has temporarily suspended operations.
See official release below.
4 Musicians! 6 Nights! Save The Dream!
Saturday Oct 1, 2016 11pm
The Dream Café temporarily suspends operations, effective midnight October 1st.
After careful consideration, The Board of Directors of the Dream Café Co-op regretfully announces the temporary suspension of operations of the Dream Cafe, effective midnight October 1.
A Special General Meeting of the Co-op Shareholders is called for Sunday October 30that 1pm at the Dream Café, where a sustainable new operations plan will be presented.
Since April 5, 2001, The Dream Café has been Penticton’s pride as a mecca for heartfelt music by talented artists from across the planet and is recognized as being one of Canada’s best. In October 2015, a new Co-op was formed to raise the capital to carry the Dream forward from its founder’s Pierre and Debra.
It was a complex transition and much noticeable and well complimented change was enacted. It’s been a good year by most accounts, with one exception. As structured and operated, it costs more to run than the money it takes in. The suspension today is the result of the exhaustion of its cash working capital. The directors voted the action to preserve goodwill and focus on essential changes to re-open, as early as November. A new plan must be formulated and new investment raised.
The Board will also seek new Directors and especially seek the help and wisdom of its dedicated shareholders and the public at large to come forward to help with the future. A detailed report and financial statements will be sent to the membership by Tuesday October 4th.
For more information, contact Paul Bouchard, email@example.com
SAVE THE MUSIC!
SAVE THE DREAM!
Tuesday Oct 3, 10pm
The outpouring of support from our Dreamers and Musicians is heartwarming, It keeps our fires lit and our minds and bodies motivated to push forward. Thank you all for your kind words and letters of encouragement. A campaign has been started to Save The Dream. We are all working very hard to turn this ship around and set sail on the right course.
The Bills received two standing ovations from the sold-out Dream Cafe audience, Saturday night in what was the final concert before suspending operations of the popular music club.
Dream Cafe immediately suspending operations
Posted: Saturday, October 1, 2016 10:30 pm JAMES MILLER The Penticton Herald
A perfect storm of financial issues has resulted in the closure of one of the Okanagan’s most-beloved music clubs.
The Dream Cafe is suspending operations immediately, co-op treasurer Paul Bouchard verified. A performance by Juno-nominated folk quintet The Bills, Saturday evening, was the final show at the Front Street club, a haven for live musicians since 2001.
Operated by Pierre Couture and life partner Debra Rice for the first 14 years, after an unsuccessful attempt to sell the business, a co-op was formed with 130 members. The musical entertainment was consistent as the couple remained involved with certain aspects of the operation. A new manager, Steve Sheridan, was hired and the most drastic change was an upgrade to the kitchen facilities and change in the menu.
“It’s been a good year by most accounts, with one exception,” Bouchard said in a press release. “As structured and operated, it costs more to run than the money it takes in. The suspension is the result of the exhaustion of its cash (flow) working capital.”
A detailed report and financial statement will be sent to the membership before Tuesday and all acts booked for October will be cancelled.
Meanwhile a special meeting of the co-op’s shareholders has been called for Oct. 30 where a new operations plan will be offered.
Bouchard said many people consider The Dream Cafe to be a community asset. Attendance at concerts was steady over the past year.
Bouchard is hopeful now that problems have been identified the club will eventually reopen with a new structure. Suggestions for consideration include opening on show nights only, offering only a tapas menu, and expanding the intended age demographic.
He praised the work of Sheridan and the new direction the club was taken. He’s also grateful to Couture who he describes as “a visionary” and the face of the business for many years. Bouchard noted such unexpected problems as ill-health to some of the key members of the board and a lack of business procedure.
“I am proud of the board of directors, the majority supported suspending operations while we try and work things out,” he said. “I’m proud that all of the artists and staff have been paid, we won’t be bouncing cheques to dishwashers.”
For many years the 120-seat venue has hosted huge names including Judy Collins, Jeff Healey, Fred Eaglesmith, Colin Hay (Men at Work), Dan Hill and Murray McLauchlan. Famed jazz pianist Michael Kaeshammer traditionally performs a five-night stand each summer.
The club was always located on Front Street but moved to its present location at 67 Front Street in 2005. The club rents the building from proprietor Prima Harris.
In 2010, CBC Radio ranked The Dream Cafe as the third-best concert venue in Canada.
Separate to the operation of the music club was The Dream Music Festival, held the past two years and featuring a line-up of Juno Award-winning entertainers, all who were regular performers at The Dream Cafe. Bouchard declined comment on the festival’s status stating the endeavour was mostly Couture’s project. According to the festival’s website, it will return in 2017.
FOR MORE INFO CONTACT Paul Bouchard firstname.lastname@example.org
TO THE DREAM CAFÉ
The Dream Café is a music venue and restaurant located on Colourful Front Street in Penticton, BC. We have weekly live entertainment and put on over 100 shows a year and bring everything from folk, blues, rock, jazz, world and everything in between! A little something for everyone
Our menu is always changing & evolving but the essence of the Dream is always there. Our emphasis has and always will be to serve clean, healthy food with a variety of cultures represented on the menu that reflect the eclecticism that is The Dream Café.
The Dream Café is a wonderful community that has evolved around music. People from many walks of life and cultures have joined us in the audience as well as on our stage. The beauty is the energy that happens in the room. Thank you all for your continued support!