CMU School of Drama


Wednesday, July 16, 2014

Potential buyer of New York City Opera objects to delays

Reuters: A creditor who hopes to rescue the bankrupt New York City Opera filed an objection on Monday to delays in consideration of his bid and called for an independent trustee to be put in charge.
Businessman Gene Kaufman made an undisclosed offer six months ago to buy "the people's opera" and salvage the venerable cultural institution. He now says the opera's board is "stuck in neutral" nine months after filing for bankruptcy and canceling the season, and should relinquish control of the process.

1 comment:

Anonymous said...

It is great to see someone have the interest in a place with history. I do believe they will lose it if they done act fast. I feel if they want it to close they shouldn’t drag their feet anymore and close it. They have called a third hearing with the court I think that is two too many because with them trying to save it and buy themselves more time I believe they are actually hurting themselves because they aren’t take enough action to save the opera house. Kaufman is right this opera house has a sense of pride I don’t think it should be closed but if it is going to be saved it should be saved now or never. More things are going on and the land that it is on is probably valuable so they could sell it. They also have to do more advertisement or something to get the word out that this place is for sale and see if anyone will help. Even do little fundraisers to get some more or maybe auction something off with value.
Lyla Bartman