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‘Gypsy’ revival to close March 1

Broadway musical has grossed $26 million

The Broadway revival of “Gypsy” will shutter March 1, when the contract for star Patti LuPone expires.

LuPone won a 2008 Tony for her perf as Momma Rose, while co-stars Laura Benanti and Boyd Gaines also picked up thesping Tonys.

Box office has been generally strong for the show, which opened March 27 at the St. James Theater. Awards attention in the spring helped prompt a string of particularly robust frames during which weekly tallies reached into the $900,000 range.

More recently sales have dipped, as they have all along the Rialto. For the week ended Nov. 9, “Gypsy” grossed a bit less than $600,000 and played to auds at 63% of capacity.

Revival, which has so far grossed about $26 million, has not yet recouped its capitalization, said to be around $9 million.

Helmed by book writer Arthur Laurents, production was originally staged with the same principal cast in summer 2007 as part of City Center’s Encores! Summer Stars series. Show was a critical and popular hit at the time, but a Broadway transfer looked iffy because a “Gypsy” revival helmed by Sam Mendes had recently played the Rialto, closing in 2004.

The 1959 tuner about Gypsy Rose Lee’s ferocious stage mother has music by Jule Styne, lyrics by Stephen Sondheim and book by Laurents.

Revival is produced by Roger Berlind, the Routh/Frankel/Baruch/ Viertel Group, Roy Furman, Debra Black, Ted Hartley, Roger Horchow, David Ian, Scott Rudin and Jack Viertel.

Patti LuPone won a lead actress Tony for her perf in ‘Gypsy.’

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