Monday, December 15, 2008

Virginia Symphony: payday blues

Awaiting word on its request for a $1 million loan from the Norfolk Economic Development Authority, the Virginia Symphony eyes the mid-December payday for its musicians and staff, nearly $67,000 short of what it needs to make payroll.

Why the chronic deficits? A meager endowment, yielding just 3 percent of the orchestra's income (compared with 10 percent at the Richmond Symphony), Teresa Annas reports in The Virginian Pilot: