As Financial Terrain Shifts, California Arts Orgs Scramble

Eli Broad, whose foundation is down 18 percent in value, put it bluntly: “‘It can’t be business as usual for the next several years.’ Arts organizations throughout Southern California are scrambling in the face of declining ticket sales and donor contributions. This week brought news of layoffs and concert cancellations by the Pasadena Symphony and of the possible collapse of Opera Pacific, Orange County’s only professional opera company.”