In a notice posted on its website, the company stated that it will not renew its lease at St. Mark's Church.
The New York Times reports that while the Project did not state the reason for the decision, people invovled in the company credited it to financial difficulties.
The group presented cutting-edge works of theatre, including plays, musicals, concerts, adaptations, film installations and other works. It was supported by foundation and government financial support.
"We had specific goals about how to support artists, financially and otherwise, and over the years we've been able to achieve those goals to varying success," Shannon Sindelar, one of the curators at Incubator, told the New York Times. "Recently, getting to a solid place where we and the artists could meet halfway became more difficult. And the reality is, since the recession, theaters and artists have really struggled with getting enough financial support."
Visit incubatorarts.org for more information.