The Syracuse Symphony Orchestra was a world-class orchestra
that regularly brought major stars to town like Hilary Hahn.
When the Symphony announced in June it could not repay millions of dollars in loans, M & T bank foreclosed on the ensemble's assets, including its extensive sheet music library worth hundreds of thousands of dollars, not to mention instruments, including two expensive grand pianos.
Thursday, M & T bank President Alan Naples said the sheet music will go to
Syracuse University. The symphony's archives of recordings will go to the
Onondaga County historical society.
After the bankruptcy, Syracuse University announced plans to create a group called the Syracuse Philharmonic.
John Garland, who chairs an ensemble formed
by the laid-off musicians says he still doesn't know if the new Philharmonic
will have a place for its members.
In tough economic times, Garland says, it's tough to make the case for arts funding. But, he says, performances can help fill downtown streets on Friday and Saturday nights—turning music into an economic engine.