Cleveland Opera and Lyric Opera Cleveland Approve Merger

Classic Arts News   Cleveland Opera and Lyric Opera Cleveland Approve Merger
The Cleveland Opera and Lyric Opera Cleveland have approved a plan to merge, reports the Cleveland Plain Dealer.

A spokesman for the Cleveland Opera told PlaybillArts that the company was not ready to announce the merger yet, but according to the Plain Dealer, trustees of the two companies have voted to endorse the consolidation; the Cleveland Opera board met February 15 and the Lyric Opera February 21.

The Lyric endorsed the proposal unanimously pending revised legal documents resubmitted to the Cleveland Opera.

The companies are hoping for more than $1 million in transition funds from local foundations; they will learn the results of their application in several weeks. The two boards voted to use a business plan written by an associate of the international arts consulting firm AEA Consulting.

The merger has been prompted by fiscal challenges facing both companies; the possible consolidation was first discussed two years ago. The Cleveland Opera productions would possibly be reduced from four productions per season to two; while the Lyric Opera would continue to stage productions during the summer.

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