Found here:
Norfolk’s Economic Development Authority has agreed to loan the Virginia Symphony Orchestra $500,000 to help save it from bankruptcy.
Six members of the seven-member authority attended Wednesday’s meeting and voted unanimously to approve the five-year loan.
The organization had requested a $1 million loan.
The symphony ended its fiscal year in July with a $1.5 million deficit. Since August, it has laid off four staff members, announced a 20 percent pay cut and canceled several spring concerts to help deal with its financial crisis.
Symphony Executive Director Carla Johnson says since December 1, the symphony has collected $113,200, which is nearly $67,000 short of what it needs to make payroll.
So they get a loan … but it appears they will still have financial woes.
Time to start donating to the arts, maybe?
Or past time.