» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X

Forgot your password?
Skip Navigation LinksHome > Article
VOL. 37 | NO. 23 | Friday, June 07, 2013




Nashville Symphony facing foreclosure

Print | Front Page | Email this story

NASHVILLE (AP) - Foreclosure proceedings have been initiated against the Nashville Symphony and an auction of the center where it performs is scheduled for June 28.

The Tennessean (http://tnne.ws/16NyTOU) reports the notice of the foreclosure was issued by Bank of America, the main lender on the more than $80 million still owed on the Schermerhorn Symphony Center that opened in 2006.

The Symphony could forestall a sale by filing for bankruptcy protection. Symphony officials would not comment on the foreclosure notice.

According to recent tax filings, the Nashville Symphony Orchestra suffered an $11.7 million loss in the fiscal year ending July 31, 2012.

Contributions dropped from $14.7 million to just under $10.6 million. Investment income dropped from $6.4 million to $2.2 million

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email  
TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0