A star is reborn?

The New York City Opera Board has signed an agreement to transfer its name and intellectual property to NYCO Renaissance, Ltd., which is spearheaded by  Roy Niederhoffer, Chairman and Jeffrey Laikind, President. The new board has appointed Michael Capasso, co-founder and General Director of New York’s Dicapo Opera Theater, as General Director.

New York City Opera has signed an Asset Purchase Agreement with NYCO Renaissance, Ltd. with respect to these assets, which remains subject to Bankruptcy Court approval. With these assets, NYCO Renaissance, Ltd. “intends to bring about the rebirth of New York City Opera under new leadership and return the company to Lincoln Center.” [Press Release]