The company will “sell its Midtown headquarters for $4 million and make significant cutbacks in its programming. The moves will allow the 27-year-old opera company to pay off its $2.85 million debt and trim back its annual budget by $1 million. The actions come on the heels of its historic decision last month to move its performances from Midtown’s Boisfeuillet Jones Atlanta Civic Center to the new Cobb Energy Performing Arts Centre in 2007.”