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Baltimore Symphony Orchestra Has 5 Year Plan In Place To Fix Financial Problems

BALTIMORE (WJZ) -- After a summer of uncertainty, the Baltimore Symphony Orchestra announced a new, five-year plan to fix its long-standing financial problems.

Up until late September, the 2019-2020 concert season was up in the air. Luckily, the musicians and the symphony reached a last-minute, one-year deal.

"It's super encouraging," Brian Prechtl said. "I mean, considering the rough time we had last summer."

Starting in the 2020-2021 season, the Baltimore Symphony Orchestra will bring in high profile international stars for a series of concerts.

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The BSO will even take some shows on the road, including rural areas in Maryland, and other shows will be live-streamed.

"Everyone seems to have the same vision for once, and we're proceeding together," Prechtl said.

Peter Kjome is the President and CEO of the Baltimore Symphony Orchestra.

"The five-year plan gives us a powerful opportunity to think about how we're going to enrich the lives of people across Maryland," Kjome said. "Also to make sure that our artistic vision is closely linked to our underlying business strategies."

This plan comes just weeks after announcing $7.25 million in donations, with an additional $1 million being announced Tuesday.

"We knew how much we were loved by the community," Prechtl said. "But to see people coming forward with their bank accounts to say it's really important, this BSO is here for the next 104 years."

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