January 2, 2013, New York City—Michael Capasso, General Director of the Dicapo Opera Theatre has announced that Dicapo will be going on hiatus for a period of six months. Similar to many performing arts companies dependent on fundraising, Dicapo Opera Theatre finds itself in dire financial straits going into the hiatus owing to the general state of the economy and financial constraints of the past few seasons. Accordingly, Dicapo, its Board of Directors and Friends will devote 100% of its efforts during the hiatus to raising $1.2 million, to be utilized first to pay off its existing debt obligations ($600,000) and thereafter to lay the groundwork for the 2013-2014 season.
The impetus for the break is the postponement of “The Letter,” an opera noir based on the classic Somerset Maugham story by Pulitzer-Prize winning composer Paul Moravec and libretto by noted critic-playwright-biographer Terry Teachout, slated to open this coming February. Work on the revision was severely delayed by Hurricane Sandy so as to ensure that this New York premiere will have sufficient preparation and rehearsal time, Mr. Moravec, Mr. Teachout, and Dicapo Opera Theatre have jointly decided to reschedule the company’s production till the beginning of the 2013-2014 season.