Minnesota Opera balances budget for seventh straight year

Posted on: July 9, 2009

In Thursday’s (7/9) Star-Tribune (Minneapolis), Graydon Royce reports, “The Minnesota Opera survived a tough financial climate to finish its budget year in the black. Strong ticket sales and fund-raising support allowed the Minneapolis-based organization to balance the books for the seventh year in a row, on a budget of about $10 million. The opera, which presents its work at the Ordway Center for the Performing Arts in St. Paul, played to 92.5 percent capacity, up from 87 percent in 2008 and 81.3 percent the previous year. Kevin Smith, president and CEO, said the opera hit its target of $3.4 million for its annual fund in 2009, with increases in corporate, foundation and government giving.”

Posted July 9, 2009