The New York City Opera has announced it has closed the curtains and is done.
As previously reported, the City Opera was hoping for a miracle, one that never came. The City Opera needed to raise $7 million by Sept. 30, but as of Friday only had raised $1.5 million.
The last show performed was Anna Nicole about the late Anna Nicole Smith, written by Mark-Anthony Turnage.
So, as of Tuesday, the City Opera began bankruptcy proceedings, the Los Angeles Times is reporting. With the closure of the City Opera, the only other major opera company remaining in New York is the Metropolitan Opera.
The instrumental musician union placed the blame on management in a statement. Tino Gagliardi, president of Local 802, said leaving their long-time home in the Lincoln Center was "reckless" and the decisions by management led to the "financial disaster for the company."
On top of the $7 million City Opera had hoped to raise, they also needed $13 million for the future, CNN notes.
In a statement, the opera company said because it "did not achieve the goal of its emergency appeal," that "the board and management will begin the necessary financial and operational steps to wind down the Company, including initiating the Chapter 11 (bankruptcy) process."
image: Wikimedia Commons
