The Concert Association of Florida, which was responsible for bringing classical and world music to South Florida, has filed for bankruptcy and ended a 42-year run.
The organization’s board said it could not recover from a huge drop in ticket sales and donations.
“Up until a couple of weeks ago, we thought we could still pull this off,” attorney and board chairman Robert Hudson told the Miami Herald shortly after filing for Chapter 7 liquidation.
The association has set aside $100,000 to refund tickets for canceled shows, but most of the 18 shows scheduled through April will take place as planned.
Four concerts were canceled, including a March 3 show by The
Two other shows are being moved: A Feb. 22 concert by Mark O’Connor to the University of Miami and an April 16-19 series by the Alvin Ailey American Dance Theatre to the
In the bankruptcy filing, the group reported debt of about $1.8 million. Assets were listed at $755,000, but a lawyer on the group’s board says they are closer to $180,000 because a joint venture with a private company is overvalued.
A creditor’s meeting is scheduled for March 20. Documents show the largest debt holder is owed about $950,000.