This is extremely sad. I remember the NYC Opera with fondness. Yes the Met is still with us but as a young grade school student my first exposure to opera live was at the NYC Opera at Town Hall. At Hunter College my opera class was taught by the Assistant Director of the NYC Opera. NYC is losing a major cultural institution. In an era where American culture has in part devolved into a form of pop fast food entertainment we need to preserve the arts in all of it's forms.