Breaking: Dallas 'within 3 months of bankruptcy'main
America’s orchestra world was shocked last night by an announcement that one of its richest members, the Dallas Symphony, is likely to run out of money in less than three months.
The orchestra, under Dutch conductor Jaap van Zweeden,
has stacked up multi-million dollar deficits in the past two seasons, with ticket sales running be,ow 65 percent. Zweeden has just been named Conductor of the Year by Musical America, but the board has been forced to put in place a ‘new business model’ involving fewer classical concerts and effectivr wage cuts for the musicians.
Official version here.
Dallas Opera, too, is scaling back. Times are getting seriously tough if oil-rich Dallas cannot pay its bills.