0 1 1 ▁the ▁Daily ▁Camera ▁newspaper ▁( B ould er , ▁Col o .) ▁reported ▁that ▁the ▁festival ▁was ▁rest ruct uring ▁after ▁accum ulating ▁a ▁$ 9 5 0 , 0 0 0 ▁short fall ▁over ▁the ▁previous ▁three ▁seasons , ▁cit ing ▁university ▁and ▁festival ▁officials ▁who ▁said ▁the ▁economic ▁dow nt urn , ▁weather ▁and ▁concerns ▁about ▁West ▁N ile ▁virus ▁had ▁neg atively ▁affected ▁re venue . ▁The ▁festival ▁had ▁sought ▁to ▁halt ▁the ▁mount ing ▁losses ▁by ▁cutting ▁re he ars al ▁time , ▁staff ▁and ▁pay roll , ▁and ▁reducing ▁the ▁number ▁of ▁out door ▁performances , ▁even ▁as ▁he ▁continued ▁to ▁emphas ize ▁innov ation . ▁ ▁On ▁July ▁ 5 , ▁ 2 0 1 2 , ▁the ▁college ▁announced ▁that ▁just - ret ired ▁Dean ▁Tod d ▁G le es on ▁had ▁“ rel ieved ▁the ▁Colorado ▁Shakespeare ▁Festival ▁of ▁its ▁oblig ation ▁to ▁rep ay ▁a ▁short fall ▁of ▁$ 9 8 4 , 8 8 9 ” ▁in ▁order ▁to ▁“ remove ▁a ▁dist raction ” ▁for ▁Steven ▁Le igh , ▁who ▁began ▁his ▁ten ure ▁as ▁de an ▁on ▁July ▁ 1 , ▁ 2 0 1 2 . ▁ ▁Under ▁pressure ▁from ▁the ▁university ' s ▁Board ▁of ▁Reg ents , ▁the ▁college ▁had ▁initi ated ▁a ▁rest ruct uring ▁in ▁ 2 0 1 1 , ▁sh ifting ▁some ▁respons ib ilities ▁from ▁the ▁director ▁to ▁new ▁account ing ▁and ▁associate ▁producing ▁director ▁positions ▁and ▁creating ▁a ▁new