"It would not be responsible management, particularly in the current financial environment, for us to incur a major loss on an unfunded tour," said Tony Woodcock, the orchestra's president and CEO, in a statement. "It is unfortunate, but this is the discipline to which we must hold ourselves."
The tour would have cost the orchestra $239,000.
"We offer our very sincere regrets to Florida concertgoers who were looking forward to performances by music director Osmo V‹nsk‹ and the Minnesota Orchestra," Woodcock added.
The Kravis Center in West Palm Beach said that the orchestra's scheduled concert on February 14 would be replaced by an appearance of the Guarneri String Quartet.