Honolulu Symphony Files Chapter 11
The recession has taken its toll on the performing arts and especially classical music. The latest to falter is the Honolulu Symphony which filed for Chapter 11 reorganization in federal court this week. The 109-year-old symphony calls itself as the oldest American orchestra west of the Rockies. The organization listed assets of $100,000 to $500,000 with debts of $1 million to $10 million. The Honolulu Advertiser quotes the symphony's executive director as saying the move was a necessary step. Last month the symphony canceled its November and December concerts putting the entire 64-member orchestra out of work. The nonprofit has also let go of all but three of a total of 22 administrative workers. In a reorganization the Symphony will have to cut costs and will downsize the orchestra in hopes of surviving to play another season.
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