The New York City Opera, which closed its doors last fall after years of financial woes, could be revived in some fashion, according to two lawyers working on the opera’s chapter 11 bankruptcy case, the Wall Street Journal reported today. “There is a possibility that the opera could come back in some incarnation,” said Klestadt & Winters partner Sean Southard, an attorney for the opera’s unsecured creditors. Nicole Stefanelli, an attorney at Lowenstein Sandler who represents the opera, added: “At this point, it’s not really clear what will end up happening, but there was at least one proposal to revive New York City Opera.” While the opera has no physical assets after auctioning off its sets, props and costumes, Stefanelli says “interested parties want the name and goodwill” associated with New York City Opera.
