Kansas City Symphony Finishes Season with Large Revenue and Endowment Increases

Classic Arts News   Kansas City Symphony Finishes Season with Large Revenue and Endowment Increases
 
The Kansas City Symphony is enjoying a very happy coda to the 2005-06 season, announcing that ticket revenue is the highest in more than a decade and that its season's final program, three concerts featuring pianist Yefim Bronfman, was sold out.

The orchestra says ticket sales last season grew by 36 percent and overall revenue increased by 57 percent.

In addition, one donor gave a $10 million challenge grant, which was equaled in matching pledges. Once those pledges are fulfilled in 2008, the KCSO says it will have an endowment of over $40 million, more than double its current level.

During the last season the orchestra recorded its first CD for Naxos, slated for release in 2007.

KCSO administrators credit the upward trend to the arrival of music director Michael Stern in 2004. Stern said in a statement, "When I accepted the music directorship of the Kansas City Symphony, I was convinced of the promise of even greater things to come. My expectations were very high. After our first year together, I am thrilled to realize that the reality exceeded all my expectations. Of all the great achievements that came about last season, the most gratifying was the new and heightened rapport that we are building with the music lovers of Kansas City, and that will only continue in the future."

The orchestra will be one of the new tenants in the $326 million Metropolitan Kansas City Performing Arts Center, designed by Moshe Safdie, which will include a 1,600-seat orchestral concert hall. The venue is scheduled to open in December 2009.


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