Some might call the Metropolitan Opera’s current predicament a textbook example of schadenfreude. But if this major cultural institution closes, we’ll all lose.

Here’s the backstory: Back in June, in response to national events and concerns over racial justice, the Met released a statement affirming its support for the cause of “Equity, Diversity, Inclusion, And Belonging.” In their statement, the Met pledged to enact some of the following changes: