In Tuesday’s (3/17) Detroit News, Christina Stolarz reports, “Declining revenues have forced the Warren [Michigan] Symphony Orchestra to cancel its final subscription concert in May—and drop its fifth concert next season, just in case. The 12 volunteer board members made the decision reluctantly after reviewing their finances. … Several other local symphony orchestras—Pontiac Oakland, Birmingham Bloomfield, Royal Oak, Macomb and Lake St. Clair—will honor the Warren Symphony Orchestra’s May 3 concert ticket for one of their own concerts this season, [spokeswoman Shari Cohen] said. Season subscribers may also apply the amount of that ticket toward the purchase of a 2009-10 Warren subscription. … Ticket sales typically cover about 15 percent of the cultural institution’s revenue; the remainder comes from grants, fundraisers, donations and its endowment. However, the amount of its state grant was reduced this year, and its endowment plummeted 34 percent because it’s invested in the stock market, Cohen said.”
Posted March 19, 2009
Change font size
