Why The Baltimore Symphony Is In Trouble

Carol Bogash: “One thing is clear to me: The root cause of the financial problems that the BSO has faced over these past five years is directly related to decisions made by the management and board. Budgets have been approved that were built on wishful thinking. Huge amounts of money were spent on guest artists and guest conductors with the hope of being recouped through ticket sales and donations. Major projects were undertaken without sufficient underwriting. They were artistically worthwhile but financially went into the red. These are the business practices that lead to serious systemic problems and debt.” – Washington Post