City Opera Ticket Holders Have to Wait for Relief

By: Dec. 20, 2013
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The New York City Opera filed for bankruptcy on Oct. 3 and ask for refunds of $323,000 for ticket holders. They mailed each subscriber saying they would get a refund but asked if patrons would waive their right to a refund and instead, donate the money to the failed company instead. Ticket holders agreed to reduce the debt by about $30,000.

Judge Sean H. Lane of the United States Bankruptcy Court then ruled that the company's request to make early payments did not meet the standards of the Bankruptcy Code's "necessity doctrine."

Law360 quoted the judge, saying, "I often have to hand out bad news and this is one of those times. Payments like these this early on in the case are things that judges are always very reluctant to make."

Read the full article from the NY Times here.

City Opera moved out of its previous home, Lincoln Center, in 2011 after financial troubles hit. Since its departure, the company, which last year managed to raise the $11.5 million it needed to keep the stage lights up, has performed at various theaters and venues throughout the city.

For nearly seventy years, since Mayor Fiorello La Guardia established it as "The People's Opera," New York City Opera has introduced generation after generation of young singers who are stars in the making, brought the public exciting new works and compelling, fresh interpretations of classics, acted as a champion for American composers and performers, and ensured that every New Yorker can experience the live art of opera.

New York City Opera has been a pioneer in the field of arts education for more than 40 years. Drawing upon the company's adventurous and contemporary approach to opera, NYC Opera Education provides students with a three-dimensional introduction to the art form, from page, to stage, to backstage. Students meet with NYC Opera Teaching Artists and other theater professionals in their classrooms, go behind the scenes to see how productions come together, and watch world-class performances during the season.



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