'Spider-Guy: Switch Off the Dark' Investor Sues for Theater Fee (Exclusive)

Bruce Glikas/Filmagic/Getty Images"Spider-Guy: Switch Off the Dark" Spider-Guy: Switch Off the Dark, probably the most costly Broadway musical ever created, has suffered a great deal because it started performances last November: Budget overruns, cast and director changes, and, obviously, injuries. The development has made it flying equipment, damaged harnesses, and nosy place of work safety personnel. Now, the show has new things to deal with being an investor is suing the development for the money owed.our editor recommendsNY Comic Disadvantage: 'Spider-Guy: Switch off the Dark' Authors Talk Show Update, Budget Constraints'Spider-Guy: Switch Off the Dark' Spoofed on 'Law & Order: CI' (Video) To obtain off the floor, the Broadway spectacle needed to pull money from many sources, including fromPatricia Lambrecht, who set up $2.5 million in collateral to ensure that producers could license the theater on 213 West 42nd Street in NY in which the show was scheduled to operate. Particularly, like a condition from the Theater License Agreement, producers ofSpider-Guy: Switch Off the Dark required to demonstrate the theater could be came back to get affordable condition following the development. Lambrecht's collateral would be a guarantee that even when the show never opened up, the theater could be taken care of restoration costs. Lambrecht pledged $2.5 million, however the agreement allegedly provides that they ended up being to be compensated a facility fee amassing $368,750. Following the production experienced numerous delays, the show's producers needed Lambrecht to increase the pledge of collateral. Because the show was becoming more risky, the price of doing this grew to become more costly. Labrecht states that they got a contract in which the facility fee compensated to her could be upped to $985,000. But Lambrecht states she's only become $360,000 from producers, departing an account balance of $625,000, plus seven several weeks of great interest and counting. She's just filed a suit in NY to obtain her money. E-mail: eriqgardner@yahoo.com Twitter: @eriqgardner Spider-Guy: Switch Off the Dark