DENVER - Opera Colorado plans to present just two operas instead of three in both the 2013 and 2014 seasons after it missed a fundraising goal.
The Denver Post reports the trimmed schedule is prompting the company to postpone by two years its world premiere of "The Scarlet Letter," which was set to debut in May.
Opera Colorado general director Greg Carpenter says the Denver-based organization had hoped to raise $2 million by Dec. 31 but was about $500,000 short.
The company ended the year with a deficit of about $690,000. Its annual budget for the three operas it typically presents is about $4.5 million.
Two of the company's 14 full-time employees have been laid off, and an undetermined number of workers will be switched to part-time, seasonal work.