Via: L.A. Times

Los Angeles Opera asked for and received a $14-million emergency loan from Los Angeles County on Tuesday to keep it afloat through the middle of next year.

The loan “is needed now, literally next week,” Stephen Rountree, chief executive of both the opera company and its landlord, the Music Center, told the Board of Supervisors at its Tuesday meeting. The company is $20 million in debt, Rountree said.

County supervisors voted 4 to 1 to approve the money, the first time the county has given such a loan to a resident company of the county-owned Music Center.

“I’m not happy that we’re in this situation, but what’s our choice?” said Supervisor Zev Yaroslavsky. [Read More]