Indy team owners pledge $750K each to orchestra - 13 WTHR Indianapolis

Indy team owners pledge $750K each to orchestra

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INDIANAPOLIS -

Indianapolis Colts owner Jim Irsay and Indiana Pacers owner Herb Simon are pledging $750,000 each to the Indianapolis Symphony Orchestra's fundraising campaign aimed at ending a labor dispute with its musicians.

Along with a $500,000 challenge grant from symphony board member Yvonne Shaheen, the donations announced Tuesday lifted the orchestra nearly halfway toward its $5 million fundraising goal by February 3. The three donations represent $2 million of the $2.35 million the orchestra has raised.

If it meets the goal, the orchestra and the musicians will enter into a new five-year contract that cuts musicians' pay by 32% in the first year and reduces the year-round performance schedule by eight weeks during the first two years.

Deadlocked labor talks resulted in five weeks of canceled performances earlier this year.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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