The Charleston Symphony Orchestra announced this weekend that they are suspending operations and canceling all concerts for the remainder of the 2009-2010 season. Due to a “critical cash flow situation,” they will undertake a restructuring of their operating model. The dramatic decision was made by the CSO Board last Thursday.
In a release on their website, CSO Board President Ted Legasey said, “Currently, the CSO does not have the operating cash flow to continue to pay its musicians or staff member’s salaries and the organization’s operating expenses. This was a very difficult decision for the Board and we are committed to work diligently to find a solution that enables the organization to continue to serve the Charleston community.”
Legasey also said that they hope to be back performing next season.
The CSO’s season finale was set for April 17. Those who have already bought tickets will receive refunds unless they’d like to donate the price of their tickets to the CSO. Go to charlestonsymphony.com for details about refunds and donations.