Magazine article Dance Magazine

Ottawa Ballet Is in Suspension

Magazine article Dance Magazine

Ottawa Ballet Is in Suspension

Article excerpt

TORONTO--Ottawa Ballet (OB) has announced a suspension of its operations because the company could not meet its financial obligations. The announcement, made in a press release sent by board chairman, Gregory Kane, on October 14, also stated that the board was using this hiatus to explore possibilities for monetary restructuring.

The crisis was precipitated by the Canadian Imperial Bank of Commerce, which reduced the company's line of credit to $100,000, the amount of its existing debt. Says Kane: "We were taken by surprise by the rigidity of the bank because the previous week we had paid down the line of credit by $50,000. Suddenly we were considered a bad risk, yet we had a good record for repaying loans."

The company has had its problems, however. The Canada Council withdrew OB's operating grant at the end of the 1992--93 season on the basis of negative peer assessment. "We got copies of the reports," says Kane, "and there was as much good as bad. There's no question that the council destabilized the company by both withholding grants and giving the impression throughout the country that something was wrong with us." Nonetheless, informed sources say that the council grant was only a fraction of the company's overall budget. And OB had planned tours of both Ontario and Western Canada this season.

In the Canadian dance community, there is a strong feeling that OB's board and management have failed its artists. Founded in 1981, OB had been under the artistic direction of former National Ballet of Canada principal Frank Augustyn since 1989. In August 1994 Augustyn resigned, however, without making public a reason for his decision. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.