Oh, it's supposed to be a squirrel!
Broadway, like every other former center of the entertainment world (New York, Hollywood, Tokyo) is finding itself more and more unimportant in the new millenium. We have was transport and the internet to thank for that mostly; you no longer need to go to this one important place to be in constant contact with people in your chosen profession. As a result, the SMART people who realise this don't bother to move to these former centers, and the stupid hacks with fruity scarves crowd in the neighborhoods and theaters which were once the domain of COMPETENT people. Old producers and theater owners, stuck in the mindset of needing to physically meet someone to communicate with them, have no one else to work with apart from these idiots. The final product: Moma Mia and shit just like it!