Tuesday, July 19, 2011

Philadelphia Orchestra, in bankruptcy petition, seeks lower rent

In its bankruptcy petition, the Philadelphia Orchestra seeks to reach a new contract with its own musicians and to sever ties with Peter Nero and the Philly Pops. But the bankruptcy also sweeps into court a renegotiation of the orchestra's lease agreement with its landlord, the Kimmel Center.

Talks are ongoing, and a solution is expected to be filed with the court, subject to the approval of Judge Eric L. Frank, as part of the Philadelphia Orchestra Association's anticipated exit from bankruptcy by the end of the year.

What does the orchestra want?

Read the rest of the article at the Philadelphia Enquirer

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