Editor’s note: This article is the second in a series exploring Colonial Williamsburg finances. Up next: Where Colonial Williamsburg gets its money.
In eight years, Colonial Williamsburg will either be planning a celebration or preparing for its funeral.
President and CEO Mitchell Reiss is taking steps he believes will keep Colonial Williamsburg alive and well past the 100-year anniversary of the organization’s founding in 2028. But signs point to a tough road ahead, and he has publicly admitted so.
Reiss warned in a late June letter to the public that Colonial Williamsburg is spending too much and dipping too far into its prized endowment. Within the letter...