Colorado Springs Orchestra Declares Bankruptcy

The Colorado Springs Symphony board of directors has followed through and declared the orchestra bankrupt. The orchestra had demanded wage cuts from the orchestra musicians and gave a deadline of Thursday night. “In a letter delivered to management at 4 p.m., the musicians agreed to discuss the conditions for possible contract renegotiations but did not immediately accept any of the orchestra’s demands. Declaring that this action did not go far enough, the board’s executive committee decided Thursday evening to proceed with the bankruptcy filing.”