"That's where the issue of this 50 percent coverage becomes pretty serious," Dake said. If expenses go up, ticket sales have to rise at double the rate to keep pace, he said. "Every inflated cost would have to be doubled."
New York City Ballet and Philadelphia Orchestra lost a combined $2 million this year again, despite overall attendance increases at SPAC's classical events. Each ballet and orchestra performance costs $110,000 and $161,000, respectively.
Dake's warning came days after White issued a statement touting the increase in attendance of 10 percent and a rise in ticket income of 13 percent for the 2007 season of the Philadelphia Orchestra at SPAC compared to last year.