The New York Opera filed for Chapter 11 bankruptcy Monday . The New York City Ballet was listed as one of its largest unsecured creditors at an estimated $ 1.6 million , the filing showed . ` `` The Crucible '' was founded on the idea that every New Yorker should have access . For the company to break even , all tickets would have to cost $ an estimated $ 1.6 million each , its GM says . The company `` did not achieve the goal of its emergency appeal , '' a statement says .
The New York Opera filed for Chapter 11 bankruptcy Monday . ` `` The Crucible '' was founded on the idea that every New Yorker should have access . For the company to break even , all tickets would have to cost $ an estimated $ 1.6 million each , its GM says . The company `` did not achieve the goal of its emergency appeal , '' a statement says .