Financial uncertainties prompt TCO restructuring

The Tri-Cities Opera Board of Directors and TCO General Director Reed Smith presented a major restructuring of the 61-year-old opera company at its annual board and guild meeting on June 22. The following is a press release issued by TCO: 

“The Board of Directors of Tri-Cities Opera have announced a variety of changes to better position the company financially while improving its service to local and regional audiences .As a result, the following changes have already taken place.

Months of research have examined opportunities to reduce expenses, off load costs and provide better efficiencies. Most recently TCO concluded a workshop looking at these issues with the President and CEO of OPERA America.

1) The development of new partnerships through Binghamton University’s School of Music.

2) Peyton Hibbitt, Co-founder and Artistic Director Emeritus, has been offered an adjunct faculty position as part of the MM-Opera program at Binghamton University.

3) Duane Skrabalak, Senior Artistic Director, has retired. Read the rest of this entry »

YNN reports impending changes at TCO

Did you catch this YNN item about Tri-Cities Opera earlier this month? (YNN is Your News Now, the Time Warner 24-hour news channel.)

BINGHAMTON, N.Y. — Changes could be coming to Binghamton’s Tri-Cities Opera.

The opera company has been a local fixture for more than 60 years and announced its lineup for next season just a couple weeks ago. But a source with close ties to Tri-Cities tells YNN the opera company is now dealing with fiscal difficulties. The source says a number of options are being considered. Some may involve personnel.

We contacted General Manager Reed Smith. He says the Opera’s board is looking at some changes, but declined to get into specifics. Smith said any announcements about decisions made would come in June. He added the Opera’s next season will go on as planned.

Tri-Cities Opera runs an artist training program and holds several full-scale productions each season.

Here’s a link:

http://centralny.ynn.com/content/all_news/504497/changes-could-be-on-the-way-for-tri-cities-opera/