NYC Opera Facing Financial Deficit

According to published reports, the New York City Opera will soon be meeting to address their financial deficit, which is projected to lie at about $5 million. As pointed out by the Associated Press, 'the company's endowment has dwindled from $55 million to $9 million.' 

AGMA director Alan Gordon commented that as a part of possible contractual changes, chorus singers "will have to decide whether to bargain over reduced employment or, instead, strike and drive City Opera out of existence."

NYCO singers and staff wrote in a recent letter to the board that they were willing "to find new and creative ways to work with smaller budgets and fewer resources than we ever have in the past." 

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New York City Opera was founded with the purpose of making great opera available to a modern, popular audience, and of keeping opera great by maintaining a modern, popular touch. For more than sixty years, since Mayor Fiorello La Guardia established its reputation as "The People's Opera," the company has stayed true to its original promise: introducing generation after generation of young singers who are stars in the making, bringing the public exciting new works and compelling, fresh interpretations of classics, acting as a champion for American composers and performers and ensuring that today's opera, and tomorrow's, can be a part of everyone's life.

City Opera's expansive repertoire spans five centuries, from the Baroque operas that have become Signature Productions to commissioned works by some of today's most important composers. The company has given its audiences 29 world premieres to date, as well as 61 U.S. or New York premieres. City Opera also helps to generate future repertoire through its annual VOX Contemporary American Opera Lab, presenting free public readings of previously unproduced works performed by City Opera's soloists, orchestra and chorus.

City Opera makes its home at Lincoln Center for the Performing Arts, in the recently renovated David H. Koch Theater. The company is proud to be a part of the world's greatest campus for the performing arts, and to perform in a landmark Philip Johnson-designed theater with state-of-the-art performance capabilities and comfort.

 

 

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