According to the article this amount is more than they were able to raise in even the best years before the recession. The NYCO thrift shop on 23rd St. earns more money for the company than the endowment!
It seems like just a weeks ago that the Times
had an article speculating about a possible move to NY City Center. And now .... ???
I got introduced to NYCO when I was a high school student -- around the time I first attended NY City Ballet -- both at City Center. Decent tickets were $1.95 and $2.95 and there was a city subsidy. I saw and heard Domingo, Triegle, Sills, Milnes, Malfitano, Ramey, Verrett in always presentable, sometimes extraordinary productions, This was affordable, high-quality "people's opera," just as Balanchine's company was "people's ballet." That kind of dream is long dead in this part of the world. Now it seems that even a stripped down company which performs rarely can't afford the tariff to make it in New York City.
I'm sorry for the artists who will never get the chance to perform in such a company, and the audiences -- including young people -- who will never be able to afford decent seats at world-class musical theater. And for the young classical musicians who are on the way to losing one more possible source of employment.
This is depressing on so many levels.