City Opera Plans for Bankruptcy After Years of Bungling
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New York City Opera is poised to close after years of board missteps and an emergency fundraising appeal that failed.
The opera “is on the verge of canceling its season and filing for bankruptcy,” George Steel, the artistic director and general manager since 2009, wrote in a mass e-mail on Thursday night. The move would mark the end of the 70-year-old company, once dubbed “the people’s opera” by Mayor Fiorello LaGuardia and a breeding ground for young talent that included Beverly Sills and Placido Domingo.