The San Jose Repertory Theatre ( San Jose Rep) was the first resident professional theatre company in San Jose, California. It was founded in 1980 by James P. Reber. In 2008, after the demise of the American Musical Theatre of San Jose, the San Jose Rep became the largest non-profit, professional theatre company in the South Bay with an annual operating budget of $5 million. In 2006, it was saved from impending insolvency by a $2 million bailout loan from the city of San Jose; this was later restructured into a long-term loan similar to a mortgage. On June 11, 2014, San Jose Rep ceased operations and filed Chapter 7 bankruptcy. The building was reopened in 2015 as the Hammer Theatre, now operated by San Jose State University. History The early years San Jose Rep was founded by James P. Reber in 1980 (originally as San Jose Repertory Company). James Reber was born in Butte, Montana, and was raised in the Santa Clara Valley. He returned home after having been the first employee of the Berkeley Shakespeare Festival (now California Shakespeare Theatre in Orinda, California) as business manager and general manager. San Jose Rep was formed as San Jose's first resident professional theatre (originally called San Jose Repertory Company), the Rep soon became the fastest growing regional theatre in the country. Mr. Reber led a group of young artists, technical staff, and administrative staff, most of them based in the Bay Area. The Rep's opening production of Noël Coward's Private Lives was the first step for the fledgling company. This was followed by three more plays in 1981 (including one directed by Tony Taccone before he was artistic director at Berkeley Rep). Early support came from the City of San Jose's Fine Arts Commission, which provided funding and worked to help create a viable board of trustees. The first board was led by Dr. Clayton Feldman, who was able to provide guidance for the young staff and helped recruit the future leadership of the Rep, including Attorney Phil Hammer, who succeeded Dr. Feldman. The William and Flora Hewlett Foundation provided a key early grant to help hire professional staff. Elaine Knoernschild joined the board in 1982 and became the third board president. As happens with most nonprofit theatres, the founding board members made success possible by their dedication and hard work. Most notable among the Rep's early accomplishments was their