City of LA approves loan for Cirque du Soleil

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Artists perform at the Grove in Los Angeles on August 2, 2009 to celebrate the 25th anniversary of the Cirque du Soleil.

Cirque du Soleil may swing into LA for a long-term commitment. KPCC’s Cheryl Devall says the Los Angeles City Council has approved a $30 million loan to the performing arts organization.

In its 25-year history, Montreal-based Cirque du Soleil has staged visiting shows in the Southland. But it’s never maintained a semi-permanent base in Southern California as it has in Las Vegas, Orlando and other cities around the world.

The loan from the city of Los Angeles will help Cirque pay for alterations to the Kodak Theatre in Hollywood. The acrobatic troupe would perform more than 365 shows a year at the city-owned theatre, except when the annual Academy Awards ceremony moves in. The city’s community development department estimates that Cirque du Soleil will generate hundreds of tourism and hospitality-related jobs. The federal government must approve the terms of the $30 million loan.

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