New York City Opera’s board decided on Thursday to start bankruptcy proceedings next week in the case it fails to raise $7 million by next Monday. Since it seems unlikely that the fundraising can bring $5,5 in such a short period (NYCO got only $1,5 in several weeks), bankruptcy is the most probable way. Called ‘the people’s opera’ by Mayor Fiorello H. La Guardia when it was founded 70 years ago, NYCO lets fall the curtain on a glorious past. However, since 2003, it has accumulated deficits and considerably reduced the artistic output.

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