Up for Debate: Symphony's woes

Monday, March 25, 2013 at 5:06am

What's your take on the current financial situation of the Nashville Symphony?

Filed under: City Voices
Tagged: Up for Debate

68 Comments on this post:

By: Rasputin72 on 3/25/13 at 4:10

Asking this group of financial ner do wells and welfare recipients a question about matters of liquidity and financial leverage is akin to asking Vince Young,Pacman Jones and Terrell Owens how to invest 150 million dollars.

This will be a red letter day for NCP casual readers of this forum. The comments should bring laughter to every person in Nashville who has never been overdrawn on his or her bank statement.
Now the mudslingin from these "people"will begin early and end late.

By: Captain Nemo on 3/25/13 at 4:56

Raspy has a good subject to boast about his make believe wealth.

By: gdiafante on 3/25/13 at 5:08

As the article stated, symphonies tend to have problems like this. I think a major issue here was the flood. Sounds like a combination of bad luck and lack of interest on the public's part. Too bad, Nashville could use a bit of culture that doesn't include Hee Haw.

By: govskeptic on 3/25/13 at 5:33

The taxpayers have over 20 million dollars "invested/donated" to the Symphony
based on promises made by Nashville's top 5%. While it's an absolutely great
facility the location next to the River should have been suspect from the beginning.
The problem now is the operating expense and payroll. Hopefully they can work
something out without additional taxpayer dollars. Nashville's coffers keeps pouring
money into projects for a limited audience with large operating expenses beyond
the revenue numbers of the outside consultants, but hey, isn't that the modern way.

By: gdiafante on 3/25/13 at 6:30

I don't think the location was suspect. The flood was an anomaly. That's like saying the city's location was suspect because a tornado hit downtown in '98.

By: govskeptic on 3/25/13 at 6:53

gdia:

Thanks for another stalking and secondary argument from the class
know it all, that also absolute must have the last word. How in hell can
a building that floods next to a river be such a great anomaly? At any rate
my main argument is not that at all anyway., but the other elements pointed
out. Flooding from a river versus a tornado is apple to coconuts!

By: slzy on 3/25/13 at 6:59

Why didn't they play TPAC till they saved enough money to buy a place of their own?

By: gdiafante on 3/25/13 at 7:02

So responding to a thought of yours is stalking? Don't get your panties in a wad, it's called discussion, dimwit.

And yes, comparing one anomaly (a tornado hitting downtown) to another (a "100 year flood") is appropriate. Maybe that's a little over that pointy little head of yours. Sounds like a personal problem.

By: budlight on 3/25/13 at 7:22

slzy, you are too logical. Logic does not play into the equation in Metro, especially since Karl Dean-meister has taken over the bank account.

By: Jughead on 3/25/13 at 7:25

Balls.

By: Captain Nemo on 3/25/13 at 7:26

The symphony was before Dean.

By: yogiman on 3/25/13 at 7:30

It's funny, I've seen 2 100 year floods in the last 40 years. Does that mean it will be another 200 years before we get another one?

You can call any flood a 100 year old flood, but that doesn't mean it will be another 100 years before another flood.

But I guess you can call every flood a 100 year of flood, eh? Just wait until the next one and you can re-name it.

By: bfra on 3/25/13 at 7:35

UH! - Brains missing in the 8:30AM comment!

By: gdiafante on 3/25/13 at 7:40

click

By: bfra on 3/25/13 at 7:46

Raspy = This will be a red letter day for NCP casual readers of this forum. The comments should bring laughter to every person in Nashville who has never been overdrawn on his or her bank statement.
==============================================================
Guess you have never been overdrawn because of no bank account. How about the old girl that pays you bills, has she ever been overdrawn?

By: Captain Nemo on 3/25/13 at 7:49

Schermerhorn Symphony Center is a symphony center in downtown Nashville, Tennessee. Ground was broken for construction on December 3, 2003. The center formally opened on September 9, 2006, with a gala concert conducted by Leonard Slatkin and broadcast by PBS affiliates throughout the state.

http://en.wikipedia.org/wiki/Schermerhorn_Symphony_Center

By: Captain Nemo on 3/25/13 at 7:53

Like school, libraries and city parks, the symphony is the last to get funding and the first to feel the pain.

By: grid on 3/25/13 at 7:58

A shame...it's a beautiful building, and many of the concerts are quite good; I attend one now & then. Hopefully the symphony will get through this.

However, I'm with govskeptic in that the symphony should stand on its own; no taxpayer-provided assistance.

By: Captain Nemo on 3/25/13 at 8:06

grid

If the field was fair and equal, then Bud Adams would own LP field and not depend on taxpayers for support. In hard times LP field will get needed tax money and the school will have to depend on parents to raise money for their particular schools.

By: Captain Nemo on 3/25/13 at 8:16

By: yogiman on 3/25/13 at 8:30
It's funny, I've seen 2 100 year floods in the last 40 years. Does that mean it will be another 200 years before we get another one?

You can call any flood a 100 year old flood, but that doesn't mean it will be another 100 years before another flood.

But I guess you can call every flood a 100 year of flood, eh? Just wait until the next one and you can re-name it.

Its call Global Climate Change yogi, I would think an old weatherman would know that.
Plus 100 yrs ago we did not have the roof tops and paved streets we have today This adds to the flooding problem.

By: Kosh III on 3/25/13 at 8:27

Yogi misunderstand the term "100 year" flood; the term is a tad misleading.
It does not mean an average of one flood of a certain magintude every 100 years but that each year there is a 1 in 100 chance of such a flood.

Also flood plane and flood plain are two entirely different things. A flood plain is what we call "bottomland" the area where the river can cover. A "plane" means the height of the water.

By: Kosh III on 3/25/13 at 8:30

As to the Symphony, it's a shame we call ourselves "Music City" and can't support the finest music.
One deterrent is cost: the cheapest seats in the nosebleed section are around $30 per person so a family of 4 with parking and a dinner downtown can easily be $200 or more. Some seats are over $100 each.
I've been a few times in the past but it's not often one can afford that big of a chunk of money. FWIF, the last time I went it was for Beethoven's 9th with Chorale: real music!

By: Captain Nemo on 3/25/13 at 8:48

You make another good observation Kosh. Just when I think Nashville has striped its Hillbilly image, something like this comes into play. Perhaps they will be able to have a cake sale, like schools have to do, to stay a float.

BTW Kosh, yogi said his property line went to the center line of the road in front of his house.

By: bfra on 3/25/13 at 8:51

Nemo - yogi doesn't have sense enough to know what a property line is!

By: yogiman on 3/25/13 at 9:00

What is it, bfra? Please educate me on it's definition.

By: bfra on 3/25/13 at 9:08

yogi - Wait for heavy traffic, then go out in the middle of the road & look for it.

By: dargent7 on 3/25/13 at 9:10

I worked there for over 2 yars. Beautiful venue.
Someone give Al Gore a call.
He has enough money he could buy the place and change the name to "Gore's Music Theater".

By: bfra on 3/25/13 at 9:22

D7 - What about the Ingram woman? She has enough money to bail it out & build another one & she was the main one pushing for it. Plus, I don't know why anyone builds anything in a flood area! Doesn't make sense.

By: yogiman on 3/25/13 at 9:29

What would I be looking for, bfra? Can't you just give me a simple education on it? Or maybe you could come over here during [going to work, or coming home from work] hours and show me what you aren't describing.

By: yogiman on 3/25/13 at 9:33

An interesting article on martial law. Are you ready for it?

www.wnd.com/2013/03/picture-of-martial-law-alarms-forensic-profiler/

By: bfra on 3/25/13 at 9:38

Yogi you are one that said your property line went to the center of the road. How do you know if you don't know what it is & can't find it?

By: yogiman on 3/25/13 at 10:13

Well, bfra, you apparently think you know more about my property line than I do, so I'd like you to show me where it is so I can correct any mistake.

By: bfra on 3/25/13 at 10:29

By: yogiman on 3/25/13 at 10:29
What would I be looking for, bfra?
===========================================
Gotta know what you are looking for first, goofus!

By: bfra on 3/25/13 at 10:30

yogi - 1 thing I do know, it sure as h**l isn't in the middle of the road.

By: slacker on 3/25/13 at 10:45

yogi's property line.. ends at the big Hackberry tree.. near the old well that went dry.

By: yogiman on 3/25/13 at 10:50

Well, bfra, if it isn't, when did the county steal it from me? To give you a little assistance on your ignorance, the road used to go along the creek on the back of my property. My property line was at the middle of the creek and the road was on my property (it used to be Bradford property).

Because of the floods, the property owners agreed with the county to change the route of the road up a hill so they could go to town when the road was flooded by the creek's overflow. Since there would be land owners on both sides of the new road, the county put the new property line in the middle of the road.

Now, can you determine the middle of that road and show me where my property line is? Thanks.

By: grid on 3/25/13 at 10:53

Captain Nemo, I think you & I share similar views; no taxpayer-funded help for private business. The Titans, Predators, and the symphony can & should stand on their own. I often wonder if a cost vs benefit study has been done by Metro government or the state, for that matter, against the Titans, Predators, and the symphony (if the symphony received any government incentives).

Kosh III is right...a night at the symphony is expensive.

By: bfra on 3/25/13 at 10:57

yogi - There is always an owner on both sides of the road, goofus!

By: bfra on 3/25/13 at 11:05

Is there any way of checking as to who is in management of the symphony & what their salaries are? Grid that is somewhat the same thing you ask & I agree there should be no taxpayer funding for private businesses. Bud Adams has sucked that system to death.

By: Captain Nemo on 3/25/13 at 11:07

First of it was that brought up that yogi thinks his property line ends at the center of road.

Second yogi is so confused as to who said it that he attacks the wrong person.

Third he is so ashamed at being found that he was wrong, he does not have the courage to admit it.

By: slacker on 3/25/13 at 11:11

As everyone has mentioned, the Symphony center is a well thought out structure.. with marvelous acoustics. It might have been an overbuild for this area, but maybe not.
As I understand it.. the bondholders will be made whole.. by the banks involved, but Metro's financial involvement is unclear.

By: Captain Nemo on 3/25/13 at 11:11

To a point grid, we agree. I consider the symphony to be more of a culture venue and not a sporting event. I place the symphony along with schools, libraries and parks. Otherthan that, we are in agreement.

By: brrrrk on 3/25/13 at 11:20

Kosh III said

"As to the Symphony, it's a shame we call ourselves "Music City" and can't support the finest music."

You want "Music City", go to Austin.....

By: yogiman on 3/25/13 at 11:26

Yep, bfra, there is always property owners on both sides of the road. That is unless you own property into the ocean.

And a road often goes through property with the same owner of both sides of it.

To say there is property owners on both sides of a road; yep, there is. But how far back from the road is that [other owner's] property?

By: bfra on 3/25/13 at 11:30

Goofus is just goofy again at 12:26PM!

By: Ralphieboy on 3/25/13 at 11:50

I'm not certain this issue points to financial issues for the symphony. It appears to me that the symphony is attempting to play hardball with their lenders to force them to refinance the debt on more favorable terms to the symphony (fixed vs. variable payment). Now it appears the ball is in the bankers court.

By: Captain Nemo on 3/25/13 at 11:57

Well what ever the reason, I think the symphony hall is too important f of Nashville to lose.

By: Captain Nemo on 3/25/13 at 11:58

bfra, I wonder if yogi has any idea as to where his property line ends at the road. LOL

By: bfra on 3/25/13 at 12:01

Nemo - According to his comments, he doesn't even know what a property line is. LOL

By: bfra on 3/25/13 at 12:03

Anyway you look at it, it is a financial issue for the symphony because it is their debt!