The Philharmonic, which was founded in 1842 and boasts the title of the "oldest symphony orchestra in the United States," resided at Carnegie Hall on West 57 Street since the venue's inception in 1891. In 1962, the orchestra left to establish itself as the first tenant of the newly constructed Lincoln Center. The orchestra's return to its original home is expected to take place as early as 2006. The board of directors from "the two institutions have each unanimously and enthusiastically agreed that a merger of the two institutions serves the best interests of all parties," a joint statement revealed. "Therefore, they have agreed to immediately enter into discussions toward forming a single musical performing arts institution that will be vital to New York's cultural landscape."

"As we enter the 21st century," the statement continued, "this historic decision combines the strengths of the New York Philharmonic and Carnegie Hall to create one dynamic institution, which reflects the greatness and spirit that is New York City."

Broadway artists will take part in the upcoming Philharmonic 2003-2004 season. Actor-director Lonny Price (A Class Act) will stage a concert version of Leonard Bernstein's Candide starring Kristin Chenoweth (You’re a Good Man, Charlie Brown). And Audra McDonald (Ragtime, Marie Christine) will be a featured guest vocalist as part of the Philharmonic festival, "Ives – An American Original."

For more information on The New York Philharmonic, visit www.newyorkphilharmonic.org.