It's great to be able to close a chapter and look forward to a bright future. Earlier this year, LA Opera began to turn the page when we repaid half of a $14 million bridge loan from Banc of America, guaranteed by Los Angeles County, that stabilized the Company in 2009. This week, we’re proud to say that we made the final payment on the loan, a major step towards our long-term stability and growth.
This is a direct testament to the generosity of our Board, donors, and the dedication of our ticket buyers. Because of this ongoing support and commitment, LA Opera will continue to grow and thrive. We are profoundly grateful to the Board of Supervisors for their longstanding trust and confidence in LA Opera, and for recognizing the important and prestigious role that a world-class opera company plays in the greater Los Angeles community.