Lincoln Center to Cease Paying Above-Market Interest Rates by Ending Derivative Deal Known as Swaps

Lincoln Center, the heart of New York’s performing arts scene, comprising the New York Philharmonic, the Metropolitan Opera, and the New York City Ballet, has agreed to pay two Wall Street banks $73 million to end its contracted interest-rate swaps, according to a Bloomberg report. Interest rate swaps, as defined by Investopedia, are forward contracts in which one stream of {…}

May 13, 2017

Review: Baroque Ballet Program Features Live Sung ‘Stabat Mater’

It was the day before the closing of the Metropolitan Opera’s season and Lincoln Center Plaza was packed like my previous rush hour transfer at Times Square. As dusk approached and the chandeliers began to glow, I made my way into, not the Met for the closing of “Der Fliegende Holländer,” but Koch Theater next door. Tonight was part of {…}