NEW YORK (CBSNewYork/AP) – New York City Opera could be sounding its final note this weekend – at least for a while.
The 70-year-old company says it plans to file for bankruptcy and scrap the bulk of its 2013-14 season unless it somehow manages to reach its fundraising goal, which it admitted is not likely.
“The board has voted to start bankruptcy proceedings next week if we do not raise the $7 million by the end of Monday,” spokesman Risa Heller said, adding that commitments had been made for just $1.5 million.
“We need a miracle now,” general manager and artistic director George Steel told WCBS 880’s Marla Diamond. “I think the only it will work is for an angel to step forward and save the company, which happens from time to time.”