Saratoga’s PAC Worried About Its Big-Name, Big-Deficit Summer Resident Companies

“Saratoga Performing Arts Center is stable, but its classical pillars – Philadelphia Orchestra and New York City Ballet – are on financially shaky ground, officials said Wednesday. The orchestra, which recently filed for Chapter 11 bankruptcy protection, and the ballet have deficits of $14.5 million and $6 million, respectively.”

Source: The Saratogian (Saratoga Springs, NY) 08/18/11