Thursday, February 19, 2009

We didn't see THIS one coming!

According to Stage Directions, The Adrienne Arsht Center for the Performing Arts has paid off a $14 million dollar loan seven years early. This means that the Arsht Center has no outstanding bank loans.

I'm not sure what this means for the debt incurred by building the center; or its earlier losses: the City and County had to cover losses incurred during its first year of operation.

But no matter how you slice it, it's good news for Miami and its performing arts center.

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