NYCO Renaissance — led by investment manager Roy G. Niederhoffer and opera producer Michael Capasso — have filed a proposal to reorganize City Opera. The filing claims their plan is “in the best interest of the debtor’s estate and creditors.”

The Wall Street Journal reports that their proposal outlines a strategy that would attract audiences and donors with a mix of operatic performance staples and niche works, both of which would be performed at smaller venues in the company’s traditional home at the Lincoln Center for the Performing Arts at the David H. Koch Theater.

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