Small and mid-sized theatres have been under-studied compared to their larger counterparts and the regional theatre movement as a whole. Analyzing the context in which small and mid-sized Denver-Metro theatres operate and their day-to-day business practices can provide valuable insight into an often overlooked community. Part I of this thesis explores the environment in which these theatres exist, including discussions of geography, media relations, major granting organizations, the Scientific and Cultural Facilities District, and the future of the Denver-Metro area. Part II uses interviews and financial data to profile a dozen theatres within the Denver-Metro area (including three that have closed), discuss their day-to-day business practices and understand their long-term goals. Part III aggregates the data from Parts I and II to discuss findings and observations about the Denver-Metro theatre community, divided into separate fiscal and cultural sections