DALLAS (CBSDFW.COM) – The Dallas Symphony Orchestra has a new plan it hopes will keep the music going while keeping the symphony out of bankruptcy.
The thought of Dallas without a symphony is unthinkable to season pass holder Alexandra Eaton. “It’s a jewel with fine music. The musicians are dedicated and passionate,” said Eaton.
But the Dallas Symphony must face the music that times are tough and funds are drying up. “Our backs are against the wall and I think it’s a wake-up call,” said Dallas Symphony Interim C.E.O., David Hyslop.
Hyslop’s immediate task is to cut costs and raise revenue. “I will say that with non-profits, many times, the only time they look at patterns is when there’s pain,” he said.
The symphony has $11 million in credit, but its foundation will only allow it to use $8 million of that credit. The D.S.O. Board says it could very well exceed that figure by February.
So starting next year, the symphony will reduce the number of classical concerts from 82 to 62 and its pops performances from 36 to 24. The musicians have also agreed to take another wage freeze for another year.
With fewer concerts at the Meyerson Symphony Center in downtown Dallas, the orchestra will be taking its show on the road next year, playing to smaller venues in cities like Allen and Richardson.
The symphony is taking a rock-band mentality by touring locally in hopes of building a fan base elsewhere in North Texas, which will ultimately bring in more money, officials say.