We reported a couple of days back that the Lyric Opera had a record year.
Larry Johnson, one the scene and on the ball, points out that the company had to draw down $15 million from its endowment to stay in the black.
Read here.
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The link goes to a “page not found” notice. Has this allegation been withdrawn?
These drawdowns have been a part of the Lyric budgeting process in recent years, from funds in reserve for such purposes, and have been announced as such and fully reported. Is the claim that this one was bigger than expected? Than needed? Or?