Costly Broadway Musical 'New York, New York' to Close After Lackluster Run

The $25 million musical "New York, New York" will close on July 30 after poor reviews and low attendance.
Despite initially strong box office numbers, the show's high expenses and declining ticket sales were problematic.
The production had 33 preview performances and 110 regular performances on Broadway.
There are discussions about a national tour, but no concrete plans have been finalized yet.
The early closing represents a disappointing outcome for the big-budget production.