Thursday, December 8, 2011

This is optimism?

OK, so I'm trying to stay high about Detroit, its sports teams (hey, the Tigers won their division and the Lions are a vast improvement from the 0-16 season of 2008) and in particular, its symphony--one of the first orchestras I ever heard in the flesh.  But one has to wonder when one reads:

2010-11 deficit:  $1.8 million, even though the season didn't begin (and no one was paid) until April.  Of course that was much better than the $5.3 million deficit the previous year.

2011-12 deficit (projected):  $3 million.

2011-12 ticket income (projected): $5.7 million, down from $7.2 million before the strike.

And lest we forget, the orchestra still owes $54 million on the "Max," the orchestra's new music center (a significant addition to historic Orchestra Hall).  In actuality, the entire bill was paid in full before DSO management decided to invest the contributions instead of using the gifts as intended.  The economy tanked (particularly in the Motor City) and the rest is, well....read it all here.

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