Some disturbing news out of Nashville concerning their default on the bonds used to finance the construction of their widely praised home, the Schermerhorn Symphony Center:<\/p>\n
The press release from the musicians of the Nashville Symphony:<\/p>\n
Press Release
\nSTATEMENT FROM THE MUSICIANS OF THE NASHVILLE SYMPHONY ORCHESTRA
\nNashville, June 7, 2013<\/p>\nRecent reports about the Nashville Symphony Orchestra paint a confusing
\npicture of the organization’s finances. Contrary to implications that NSO
\nspends money recklessly, the architects of the original plan and those who
\ncontributed hard work and considerable financial resources followed it to
\nfruition and created a masterpiece for culture in Nashville. A lot of
\nunfortunate events have happened in the meantime.<\/p>\nAs readers, interested symphony patrons and musicians weave through numbers
\n(some inaccurate) with lots of zeros and terms like deficit, default and
\nbankruptcy, the common thread that most of us understand is banks, ruthless
\nbankers and foreclosure. Today it was announced that Bank of America has
\nscheduled a public auction for the Schermerhorn Symphony Center for\u00a0June 28,
\n2013. Such hardball is absurd! Countless musicians and entertainers
\nthroughout the country conduct business with Bank of America. Ironically
\nBank of America is scheduled to sponsor the Pops concert series for the
\n2013-14 season; that’s next season. Another point of interest from published
\ninformation is the hundreds of thousands of dollars being pulled out in
\nfistfuls to compensate administrators, attorneys, accountants and turn
\naround experts appointed, employed or otherwise engaged to “save” the
\nSchermerhorn.<\/p>\nWhy does it take such a show and such expense of valuable funds, when what
\nis needed to solve this problem are a few caring and compassionate business
\npeople and a banker or two who understand and appreciate the value and the
\neconomic impact of the NSO, the Schermerhorn and culture to Nashville?
\nPlease, sit down and solve the problem legitimately and fairly.<\/p>\nNashville is not just known for Country Music. Before it was home to the
\nGrand Ole Opry, the Ryman Auditorium featured such great musicians as Enrico
\nCaruso and the Vienna Orchestra. It earned the name “Carnegie Hall of the
\nSouth” because it presented great classical artists. Music of all genres is
\nin demand in Nashville. The Schermerhorn Symphony Center is a jewel in the
\ncrown of Music City and sits mere yards across from the brand new $585
\nmillion dollar Music City Convention Center.<\/p>\nThe Schermerhorn and the NSO musicians have taken a prominent role in
\nNashville and on the national stage. With 14 Grammy nominations and seven
\nGrammy Awards, the NSO has risen to rank as a major symphony orchestra. To
\ninflict harm upon an organization that has brought the city of Nashville
\ngreater prominence should be viewed as inflicting harm on the entire local
\nmusic industry.<\/p>\nThe musicians’ contract expires on\u00a0July 31, 2013. The musicians understand
\nthe seriousness of the current financial problems and have conveyed this
\nunderstanding to the NSO leadership. We realize the importance of this
\nnegotiation to the resolution of the organization’s financial plight and the
\nfuture of the Nashville Symphony. This financial problem was not caused by
\nthe musicians nor is it because the musicians make too much money. We expect
\nthe NSO to come to the table with a full disclosure of the problem, and a
\nplan to resolve the problem which includes a goal of restoration. We will
\nnot concede to a tug of war between attorneys, bankers and bean counters.<\/p>\nContact: Kathy Osborne
\nNashville Musicians Association
\nPhone\u00a0615 244-9514<\/a>
\nFax\u00a0615 259 9140<\/a>
\n11 Music Circle North
\nNashville, TN 37203
\nEmail\u00a0kathyo@afm257.org<\/a>
\nnashvillemusicians.org<\/a><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"Some disturbing news out of Nashville concerning their default on the bonds used to finance the construction of their widely praised home, the Schermerhorn Symphony Center: Public Chorus is Needed to Save Symphony (The Tennessean – 6\/9\/2013) Nashville Symphony’s Remaining Options (Nashville Business Journal – 6\/7\/2013) Musicians Say They’re Not to Blame for Financial Troubles […]<\/p>\n","protected":false},"author":303,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1783,2,2296],"tags":[3383,3384,2702],"class_list":["post-12693","post","type-post","status-publish","format-standard","hentry","category-administration-the-orchestra-world-music","category-the-orchestra-world","category-union-music","tag-bank-of-america","tag-hall-forclosure","tag-nashville-symphony"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pa8kC-3iJ","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"jetpack-related-posts":[{"id":6565,"url":"https:\/\/www.nobleviola.com\/wordpress\/2011\/06\/01\/concertmaster-jun-iwasaki-leaving-oregon-for-nashville-post\/","url_meta":{"origin":12693,"position":0},"title":"concertmaster jun iwasaki leaving oregon for nashville post","author":"Charles Noble","date":"June 1, 2011","format":false,"excerpt":"Oregon Symphony concertmaster of four years Jun Iwasaki is leaving for a new post with the Nashville Symphony beginning with the 2011-2012 season. 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