Big Donation Gives Symphony A Reprieve
Albuquerque – A $242,000 donation will let the New Mexico Symphony Orchestra pay a debt to a performing arts venue.
The Albuquerque Journal reports that the symphony's debt to Popejoy Hall for rent and related fees dates from 2008 to the present. Those related fees include ticketing services, shuttle buses and stage crews.
The gift from the Hanson Fund comes two weeks after the symphony was warned that its concerts at Popejoy Hall next season could be canceled if it doesn't pay its full rental fees within 30 days of a performance.
The symphony has been struggling financially for years. The gift doesn't mean the symphony is out of the woods.
It remains behind five payrolls to musicians and staff and owes money to other creditors.
Information from: Albuquerque Journal, http://www.abqjournal.com
Copyright 2011 The Associated Press.