Today, there's this news: "Philadelphia Orchestra's Board Votes to File for Bankruptcy"

From the Philadelphia Inquirer:

The move makes Philadelphia’s the first major U.S. orchestra to file for bankruptcy, say industry groups and veteran observers.

Concerts and business operations continue unfettered. In fact, orchestra leaders in the next few days expect to roll out a $160 million fund-raising campaign - their largest and riskiest ever - to save the orchestra from the worst-case scenario of liquidation.

It will be interesting to learn how the orchestra’s major asset of $140 million in endowed funds is viewed by the bankruptcy court.

See also earlier Everything Matters posts here about the Detroit Symphony Orchestra’s saga.

So there was this news last week . . . "Detroit Symphony Returns From Strike to a Giddy Reception"

From The New York Times:

The moment was about something more than the end of a bitter labor dispute. The sounds of music at the hall (along with the Tigers’ victory in their home opener on Friday) were like the chirpings of a bird in the bleak days of late winter. It finally meant some good news in a town so often described as hollowed out, shriveled up and abandoned.

The census figures in March were the latest gloomy development. They showed that over the past decade the population dropped by a quarter in Detroit, where a fifth of the lots are vacant, and the city’s leaders are demolishing 10,000 empty residential buildings.

At the least the orchestra survived, albeit with the phrase “near-death experience” repeated often. 

“This is a blue-collar factory town,” said David Lewin, 56, a native of the city and a 10-year subscriber to the orchestra who works in advertising for the two Detroit newspapers. “Our image is the Rust Belt. Just down-and-out Detroit, and a lot of that is true,” he said, as he waited for the concert to start in the Max M. Fisher Music Center’s atrium.

He got emotional at the thought of the city’s decline. “But we have gems — the Detroit Symphony and this hall,” Mr. Lewin said. “What classical music represents, human expression at the highest level, juxtaposed with this hell hole we call our city,” he said, stopping to fight back tears. ’“It’s remarkable.”

Read the rest in the Times here.

Related: Previous Everything Matters posts about the Detroit situation (from February) here and (from October) here.