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City Opera Hits Sour Note On Fundraising Efforts

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TWC News: City Opera Hits Sour Note On Fundraising Efforts
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The New York City Opera may soon sing its swan song if it can't raise millions of dollars by the end of the year.

The 70-year-old opera company plans to cancel its final three productions of the current season if it can't raise $7 million by September 30.

It's also threatening to call off the entire 2014 season if it can't raise $20 million by the end of this year.

The company tried cutting back expenses and renegotiating contracts but still doesn't have the money to pay for upcoming productions.

The New York City Opera has been losing money since 2003 and has not had a permanent home since 2011.

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