Baltimore Opera Files for Bankruptcy
December 9, 2008 | Read Time: 1 minute
The Baltimore Opera Company will file for bankruptcy protection today, canceling the remainder of its season and not refunding tickets after a decline in ticket sales and donations, reports The Baltimore Sun.
But the move may not mean the end for the 58-year-old organization, as it plans to continue fund raising and hopes to resume operations in the future, the paper reports. The opera’s annual budget is about $6-million, and it has a deficit of about $800,000. This fall, a board member had to make a personal guarantee of salaries to continue with one production.
A spokeswoman for the opera says no staff members have been fired yet.
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