Wednesday, December 9, 2009

"Should Have Put A Ring On It"

Or perhaps not.

Word this morning that Los Angeles Opera has received a $14M emergency loan from Los Angeles County to keep the cash strapped Company afloat.

According to Stephen Roundtree, chief executive of both the opera company and its landlord, the Music Center, told the Board of Supervisors at its Tuesday meeting the loan "is needed now, literally next week."

The company is $20 million in debt, Rountree said.

You can read the full report in the Los Angeles Times, here.

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