LOUISVILLE, KY (WAVE) - The Louisville Orchestra has filed for authorization to reorganize through the Federal Court. CEO Robert Birman said they will reorganize and restructure, but the orchestra will not close.
The orchestra is committed to the Nutcracker, but everything past that is up in the air. Birman does expect there will be a 2011 season.
The 74-year-old Orchestra will move to reduce $1 million in spending, bringing the budget down to $5.75 Million. The Board and management are seeking court approval to reduce the orchestra to 55 full-time musicians. There are 71 musicians on the roster. Birman wants the remaining 16 to become part-time.
In a past interview Kim Tichenor, spokesperson for the musicians said she fears that move would hurt the quality of the music.
"It's a sad day for music in the city of Louisville and the arts," said Tichenor. "No, I do not think it was necessary. I think the musicians have offered solutions since August and all of those solutions were met with delay or rejection and I think that if we had embarked on some of those solutions like a fundraising campaign, we would not be filing for bankruptcy now."=
We'll have the latest information coming up on WAVE 3 News at 5.