1 October 2013
New York City Opera Announces It Will Shut Down
New York City Opera, founded in 1943 in an effort to make opera accessible to a wide audience of New Yorkers, and christened "the people's opera" by New York City mayor Fiorello La Guardia, will begin the process of dissolving its assets and filing for bankruptcy following the failure of an emergency fund-raising appeal.
"New York City Opera did not achieve the goal of its emergency appeal," said spokeswoman Risa B. Heller in a statement issued by the company. "Today, the board and management will begin the necessary financial and operational steps to wind down the company including initiating the Chapter 11 process."
In September, City Opera announced that it would be forced to cancel the remainder of its current season as well as the entirety of the 2014-15 season unless it was able to generate $7 million by September 30, and an additional $13 million by the end of 2013. The company likewise initiated a Kickstarter campaign to raise $1 million of that amount by the September 30 deadline.
The efforts to raise the $7 million have fallen short, and Saturday night's performance of Mark-Anthony Turnage's Anna Nicole will ostensibly be the last performances by City Opera.
More information can be found at New York City Opera, The New York Times, the Associated Press and the OPERA NEWS Archives ("The Ballad of NYCO,""Last Man Standing" and Breaking News).