According to Sewell Chan of The New York Times:
As of Tuesday evening, the League of American Theaters and Producers, which represents most of Broadway’s producers and theater owners, and the stagehands’ union were at an impasse, making a lockout highly likely.
According to NY1:
No further talks are scheduled, after the League of American Theatres and Producers rejected a final offer from the stagehand's union last night. The union had rejected the producers' final offer earlier in the day.
New York Post's Michael Riedel quotes Local One President James J. Claffey as saying:
Local 1 is open to exchanges on work rules and other areas, but would not make a concessionary agreement of any kind. Local 1 will not accept [job] cuts.
As an audience member, unless you're holding tickets to see Mary Poppins, Mauritius, Pygmalion, The Ritz or Young Frankenstein, you may find yourself locked out along with the stagehands.
This is Steve On Broadway (SOB).
Is This The One For One? (October 9, 2007)
Stagehands' Union Concedes Key Point (October 5, 2007)
Stagehands Talks To Continue This Afternoon (October 5, 2007)
No Monday Lockout (September 29, 2007)
Before The Holidays Strike? (September 25, 2007)
Thanks, Mel! (July 6, 2007)