Jump to content
Main menu
Main menu
move to sidebar
hide
Navigation
Main page
Recent changes
Random page
Help about MediaWiki
Special pages
Niidae Wiki
Search
Search
Appearance
Create account
Log in
Personal tools
Create account
Log in
Pages for logged out editors
learn more
Contributions
Talk
Editing
Minnesota Orchestra
(section)
Page
Discussion
English
Read
Edit
View history
Tools
Tools
move to sidebar
hide
Actions
Read
Edit
View history
General
What links here
Related changes
Page information
Appearance
move to sidebar
hide
Warning:
You are not logged in. Your IP address will be publicly visible if you make any edits. If you
log in
or
create an account
, your edits will be attributed to your username, along with other benefits.
Anti-spam check. Do
not
fill this in!
===Financial concerns=== In 2007 the Minnesota Orchestra's assets began declining, a trend exacerbated by the [[financial crisis of 2007β2008]]. In August 2008, the Minnesota Orchestra Association's invested assets totaled $168.5 million, 13% less than the $192.4 million the Association had projected in its 2007 Strategic Plan.<ref name="minnpost_20130531">{{cite web | last = Hogstad | first = Emily E. | title = Questions remain about fiscal performance of Minnesota Orchestra's board | work = MinnPost | date= 31 May 2013 | url = http://www.minnpost.com/community-voices/2013/05/questions-remain-about-fiscal-performance-minnesota-orchestras-board-manage}}</ref><ref>Minnesota Orchestral Association, "MOA's invested assets are lower than projected," in Vision for a Sound Future, http://www.minnesotaorchestra.org/pdf/strategic_plan/#/10/zoomed</ref> In fiscal year 2009, the Minnesota Orchestra's board "sold $28.7 million in securities at a nearly $14 million loss".<ref name="minnpost_20130531"/> During 2009 and 2010, the orchestra's board reported a balanced budget and drew on its endowment to cover operational deficits. At the time, it was trying to secure $16 million in state bonding for renovations of Orchestra Hall and [[Peavey Plaza]].<ref name="startribune_20121206_finances">{{cite news|last=Royce|first=Graydon|title=Minnesota Orchestra's board walked thin line on finances|url=http://www.startribune.com/entertainment/music/180782151.html?refer=y|newspaper=Star Tribune|date=6 December 2012}}</ref> The orchestra posted operational deficits of $2.9 million in 2011 and $6 million in 2012.<ref name="startribune_20121206_deficit">{{cite news|last=Royce|first=Graydon|title=Minnesota Orchestra reports record deficit of $6 million|url=http://www.startribune.com/entertainment/music/182420701.html|newspaper=Star Tribune|date=6 December 2012}}</ref>
Summary:
Please note that all contributions to Niidae Wiki may be edited, altered, or removed by other contributors. If you do not want your writing to be edited mercilessly, then do not submit it here.
You are also promising us that you wrote this yourself, or copied it from a public domain or similar free resource (see
Encyclopedia:Copyrights
for details).
Do not submit copyrighted work without permission!
Cancel
Editing help
(opens in new window)
Search
Search
Editing
Minnesota Orchestra
(section)
Add topic