Sunk costs

More bad news: “New York City Opera’s musical library and archives, located 75 Broad St., have been damaged by water that all but filled the basement of the building. Hundreds of boxes were submerged from at least Tuesday until the room was drained Thursday. Although the exact contents are not known, the archive included Playbills, recordings and sheet music that could contain notes by legendary conductors such as Erich Leinsdorf, Julius Rudel and others.” [Wall Street Journal]