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How Broke Was New York City Opera?
According to papers filed in bankruptcy court, "the troupe, which balanced its budget over the last two years, still had an accumulated deficit of $44 million as of last year ... Its endowment, which was once $55 million, had dwindled to around $4.5 million."
The New York Times 10/04/13
Posted October 4, 2013 12:58 AM
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