NYC Opera Will File For Bankruptcy

nyc operaThe New York City Opera has stood high and mighty for seven decades as a fixture on the metropolitan’s cultural scene. However, the company has announced on Tuesday that it would be shutting down and filing for bankruptcy protection.

NYC Opera could not achieve goal

Spokeswoman Risa Heller said that the Opera could not achieve its goal of an emergency appeal which is why the board and the management will start the necessary ‘financial and operational steps to wind down the business’.

The NYC Opera, which was at one time a fertile ground for top opera talent of the likes of Renee Fleming and Samuel Ramey, is said to have been derailed by a series of board decisions, which included going in the dark during the 2008-09 season when the Lincoln auditorium was being renovated.