Minnesota Orchestra: Board reports deficit of $1.1 million for fiscal 2013

  • Article by: Graydon Royce , Star Tribune
  • Updated: December 11, 2013 - 2:00 PM

Minnesota Orchestral Association reported revenue of roughly $12 million, nearly all through contributions and investment income.

  • 64
  • Comments

  • Results per page:
bigracosDec. 11, 13 2:14 PM

We must pay our musicians more to save this glorious civic asset

61
49
benedict636Dec. 11, 13 2:16 PM

13 million and no concerts! Unless you count the performance of the band Belladiva that performed at the closed to the public symphony ball. This according to the MOA in their report to the city on their stewardship of Orchestra Hall "was the most significant performance this fall!" Well they were too ashamed to name Belladiva and danced around it. This is how they phrased it: - The events, held on September 20, featured musical performances by a Twin Cities pop and jazz ensemble whose musicians have performed with such renowned artists as Prince, Bette Midler, Johnny Lang and others. These people are a laughing stock and have to be replaced. I guess since they voted back the the same crew incapable of learning from their mistakes, then the whole works have to go. We will find a way to manage without you.

94
22
bubzkiDec. 11, 13 2:27 PM

I want to start seeing concerts, orchestra and other, at the new Orchestra Hall. Someone needs to make this happen, or this will just keep getting more embarrassing, and keep piling up millions in opportunity costs.

95
7
chuckhoovDec. 11, 13 2:29 PM

Mr. Campbell, it strikes me that if you are still losing money with no operations, you'd better get your fixed administrative and overhead costs in line before you start pointing fingers at your production line - the musicians.

121
26
songoflarkDec. 11, 13 2:36 PM

Great job wracking up over a million dollar deficit while not presenting any product! You will continue to earn the ire of Minnesota patrons everywhere. Bravo.

110
26
mnpls123Dec. 11, 13 2:38 PM

They lost less money by NOT having the orchestra play. Seriously. You can't make this stuff up.

125
3
decembersueDec. 11, 13 2:52 PM

It doesn't even matter if the board is right or wrong - it's obvious that those in charge simply cannot figure this thing out. They should be replaced for that alone. A fresh face is needed to restart talks with the musicians. That they've chosen to stay the course is more indication that the state needs to get heavily involved. They can't just keep all that money and not do anything with it.

97
16
lawyerguyDec. 11, 13 2:54 PM

If the orchestra reduces its loss by not playing doesn't this just confirm management's claims about a structural deficit requirning significant salary adjustments?

38
68
iversondDec. 11, 13 2:55 PM

"The fact that the organization’s deficit is substantially smaller in a year without any performances indicates the degree to which this business model is out of alignment,” Campbell said in a statement. No Mr. Campbell, the fact that you couldn't turn an operating profit with $149 Million in investments and no musicians to pay indicates the degree to which your and the board's management is completely inept.

98
23
hermajestyDec. 11, 13 2:56 PM

I was never that good at math, but I know I'm not alone in being puzzled about how any organization can spend $13 million doing nothing. I can see overhead on the building and cancellation fees to the guest artists, but $13 million worth?

104
8

Comment on this story   |  

ADVERTISEMENT

Connect with twitterConnect with facebookConnect with Google+Connect with PinterestConnect with PinterestConnect with RssfeedConnect with email newsletters

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT