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The Phoenix Theatre has presented productions since 1983. An Equity house, the Phoenix presents the Midwest and Indiana premieres of many Broadway and Off-Broadway plays, and has presented 94 World Premieres (through the end of the 2014–15 season). In May 2018, the Phoenix moved to a newly constructed, 20,000 square foot building, the Phoenix Theatre Cultural Centre, at 705 N. Illinois St. in the heart of downtown Indianapolis with two stages: the 144 seat Steve and Livia Russell Theatre and a flexible blackbox space, the Frank and Katrina Basile Theatre (capacity of 90). As of 2024, Phoenix has rebranded as Phoenix Theatre Cultural Centre where it houses 7 resident theatre companies. They are Actors Ink Theatre Company, American Lives Theatre, Eclipse, Indianapolis Shakespeare Company, Naptown African American Theatre Collective, Phoenix Theatre, and Summit Performance Indianapolis. Its previous location was at 749 N. Park Ave. in downtown Indianapolis near Massachusetts Avenue, the Phoenix operated a 130-seat proscenium style Mainstage and 75-seat downstairs cabaret.
It was founded by Bryan D. Fonseca in 1983, initially to perform the three-part (three evening) science fiction play, Warp!. Both venues are housed along with administrative offices in a renovated 1907 church where Jim Jones once preached, a fact that was brought into their production of Hedwig and the Angry Inch. The Phoenix Theatre is a member of the National New Play Network and the League of Indianapolis Theatres, and is supported by the Indiana Arts Commission, the Arts Council of Indianapolis, and the National Endowment for the Arts, as well as local corporate and foundation funders and more than 400 individual donors.
The Phoenix typically produces 10-12 shows per season, which most production being local regional premieres. They mostly produce plays written within the previous five years, and rarely produce shows more than one time (exceptions are Avenue Q and The Zippers of Zoomerville). Shows produced by the Phoenix are always issue-oriented, hoping to incite conversation along with the entertainment. They have often featured plays dealing with sexuality, homosexuality, women's issues, AIDS, African-American issues (they have done all of August Wilson's plays as they became available for regional theatre use), abuse, and mental disorders. The Phoenix is committed to hiring local artists, and almost all of their talent pool of designers and actors comes from Indianapolis or nearby cities.[citation needed]