Intar, the oldest Hispanic theater company in New York, has moved away from the Spanish classics and now it draws....
Consider the above sample sentence
I know this question has been solved by ron in other forum but my query is regarding the pronoun reference
Does the pronoun 'it' have multiple referants here as in does 'it' refer to New York and Intar
or
since the phrase 'the oldest Hispanic theater company in New York'
is an additive phrase we can say that 'it' has only a single antecedent i.e.Intar
plase explain,iam very confused about this concept.