San Diego Opera Board President Resigns; Company Considers New, Smaller Budget Plan
18 Apr 2014
Following the resignation of San Diego Opera board president Karen Cohn, the company's board of directors discussed the move to proceed with a new reorganization plan that will prevent the company from closing.
The reorganization plan will restructure the opera into a more modern, lean company. A plan recommended by Opera America for San Diego Opera proposes budget cuts in the range of $4.3-$6.4 million, company education director Nicolas Reveles told UT San Diego. The San Diego Opera's 2014 budget is $17 million.
Cohn has been replaced by board secretary Carol Lazier, who has been named the company's new acting board president. Numerous other board members also resigned at the meeting.
The opera had announced in March that it would close just prior to its 50th anniversary due to declining ticket sales and challenges in fundraising. The announcement prompted a strong response from the artistic community, and March 31 it voted to postpone the closure for two weeks.
The opera also received a $1 million gift from Lazier that was intended to assist the the company in developing a new business model.
The opera had been scheduled to close and begin selling assets April 14, following its presentation of Don Quixote, and dismantle the company by the end of the opera's fiscal year June 30. The closure date has been extended through May 19.
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