Burdened by more than $3 million in debt, the Pasadena Playhouse closed its doors on Sunday. The nonprofit company intends to “explore viable options of financial reorganization, including bankruptcy, to determine a responsible solution for its ongoing operations,” according to a statement. While the theater’s fate is resolved, the Mission-style building itself, designed by Elmer Grey (who also designed much of CalTech’s campus) in 1925, will be protected, since it’s a California state landmark and owned by the city of Pasadena. But the situation doesn’t bode well for the two-phase project that Frank Gehry had agreed to undertake for the playhouse pro bono. That work included a renovation of its balcony performance space, the Carrie Hamilton Theater, and the creation of a new 300-400 seat theater across the street. This adds to the large number of recently-scuttled or held projects for Gehry Partners. They include: the Grand Avenue project in LA; Atlantic Yards in Brooklyn; the Museum of Tolerance in Jerusalem; and the King Alfred Center in Hove, England.