The show, which is considered a modern classic by many, had a promising start, but it eventually floundered as Drabinsky was implicated in financial problems that rocked the Broadway world. In 1998, he tore down the beautiful but aged Apollo and Lyric Theatres (both of which spent years as movie houses before closing in the early '90s) and built the Ford Center for the Performing Arts specifically to launch his new musical, the epic Ragtime. He undertook the project to build a new Broadway theatre through corporate sponsorships and tax credits in under a year. Flamboyant Canadian impresario Garth Drabinsky rose to prominence by producing such hits as Phantom of the Opera, Kiss of the Spider Woman, and Show Boat. No Broadway theatre can compare to the Lyric for its off-stage drama.
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