http://www.denverpost.com/entertainment/ci...1487?source=rss
QUOTE
Bolstered by a new five-year contract, Colorado Ballet artistic director Gil Boggs is eager to pursue such big-ticket initiatives as commissioning a story ballet and showcasing the company in New York City.
But for now, such plans are on hold. The focus is on just keeping the company solvent amid one of the worst economic downturns in a century. In 2008-09, the ballet suffered a budget deficit of about $500,000 (a final audit has not yet been completed). That's a big number in itself, but the impact is magnified by the timing. The shortfall comes just as the company was regaining its footing after a near-disastrous financial crisis several years ago.
But for now, such plans are on hold. The focus is on just keeping the company solvent amid one of the worst economic downturns in a century. In 2008-09, the ballet suffered a budget deficit of about $500,000 (a final audit has not yet been completed). That's a big number in itself, but the impact is magnified by the timing. The shortfall comes just as the company was regaining its footing after a near-disastrous financial crisis several years ago.