New York City Opera to Declare Bankruptcy If It Can't Raise $7 Million by the End of the Day
With just 15 hours left to go, New York City Opera's Kickstarter campaign has raised just $285,590--about a quarter of the $1 million needed to finish out its current season.
City Opera says it has raised an additional $1.5 million outside of the Kickstarter, but even that will not nearly be enough to keep the company afloat.
On Thursday, City Opera's board of directors voted to begin bankruptcy proceedings if $7 million was not raised by day's end on Monday.
Productions slated for the winter and spring--Johann Christian Bach's Endimione at El Museo del Barrio, Bartok's Bluebeard's Castle at Brooklyn's St. Ann's Warehouse, and Mozart's Le Nozze di Figaro at City Center--will be canceled.
City Opera, which launched the careers of opera legends Beverly Sills and Plácido Domingo, presented itself as a scrappy, irreverent alternative to the larger, richer Metropolitan Opera.
Here's tenor Richard Troxell to sing the company out.
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