The Fat Lady has Sung

[av8rmike]

I know, that's the worst, most clichéd headline I could come up with, but that's why I'm not in the newspaper business.

Baltimore Opera Company to close

Three months after seeking Chapter 11 bankruptcy protection and canceling the remainder of the 2008-2009 season, the board of trustees of the Baltimore Opera Company voted yesterday to pursue Chapter 7 liquidation instead and dissolve the 58-year-old organization. The company's assets, including a warehouse, scenery, costumes and technical equipment, will be sold, and the proceeds will be distributed among creditors.

Supplementally, Tim Smith's blog entry on the subject. Looks like I was largely correct that not only had they blown all their money last fall on Aida, but they hadn't even built up an endowment and were basically living week-to-week.


Still want to move here, Jamie?

Comments

[tidesong.livejournal.com]

Fuck fuck fuck. *sigh* What are they thinking?? I wonder if they've been having problems for a while now or something. My hope now is that someone will grab everything and start up another company. FUCK!

No. You have to move here now. :P

(I told you, it'll suck to not have them there..but DC's not *that* far. National Opera, it is....)

[av8rmike.livejournal.com]

Well, that was the problem: they were over a million in debt and weren't bringing in the level of donations and sponsorships needed to make up the shortfall. I wouldn't hold out hope for another major company for a while, but there is also the Peabody Opera and Opera Vivente (http://www.operavivente.org) in the meantime.