At this time last year, it looked like the New York City Opera had put on its last performance. Hailed as “The People’s Opera” by former New York Mayor Fiorello La Guardia, the 70-year-old company filed for Chapter 11 bankruptcy in October of 2013 and closed its doors mid-season.
But thanks to pro bono efforts by attorneys from two Am Law 200 firms, an asset purchase agreement signed on Friday may revive the opera company in time for a 2015 season at Lincoln Center if U.S. Bankruptcy Judge Sean Lane in New York approves it.
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