For a while, the Nashville Symphony Orchestra seemed to have everything going for it. After a triumphant Carnegie Hall debut in 2000, it began to make compact discs prolifically, winning a handful of Grammys and a reputation for its championship of contemporary American music along the way. And it opened a sumptuous new concert hall, the 1,844 seat, $123 million Schermerhorn Symphony Center, in 2006.

When the Louisiana Symphony was flooded out by Hurricane Katrina, the Nashville Symphony invited the New Orleans musicians to Nashville to play a benefit concert, offering its own players to fill in gaps in the Louisiana string section.

Now this feisty, can-do orchestra’s future is imperiled. On Wednesday, independent auditors submitted a review in which they questioned whether the orchestra could “continue as a ‘going concern.’ ”

And on Thursday, after months of negotiations about how the orchestra can repay an $82.3 million loan for the construction of the hall, the Bank of America began foreclosure proceedings, announcing that the hall would be put up for auction on June 28.