City Opera Sounds An Ominous Note As Board Chair Steps Down

The chairman of the board also happens to be New York City Opera’s biggest benefactor. And: “Its board is down to a mere three members. It has largely spent the more than $5 million in bequests it received after emerging from bankruptcy, and its modest endowment is shrinking. The company’s most recent financial report notes that its difficulties ‘raise substantial doubt about New York City Opera, Inc.’s ability to continue as a going concern.'” – The New York Times