{"id":523297,"date":"2010-04-11T16:09:00","date_gmt":"2010-04-11T20:09:00","guid":{"rendered":"tag:typepad.com,2003:post-6a00d8341c630a53ef0133ec9cc428970b"},"modified":"2010-04-11T16:09:00","modified_gmt":"2010-04-11T20:09:00","slug":"music-center-renovations-would-be-costly","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/523297","title":{"rendered":"Music Center renovations would be costly"},"content":{"rendered":"<div class=\"articlebody \" id=\"story-body\">\n<div class=\"thumbnail\" style=\"width: 600px;\">\n<div class=\"holder\">\n<table cellspacing=\"0\">\n<tbody>\n<tr>\n<td>\n\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" alt=\"Plaza\" border=\"0\" height=\"325\" src=\"http:\/\/www.latimes.com\/media\/photo\/2010-04\/53182603.jpg\" width=\"580\"><\/img><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n<p>Despite a wrenching economy, the Music Center hasn&#8217;t abandoned an<br \/>\nambitious renovation plan centering on the Dorothy Chandler Pavilion<br \/>\nand also involving the large outdoor plaza between the Chandler<br \/>\nPavilion and the Mark Taper Forum, according to a financial analysis<br \/>\nissued Wednesday by Moody&#8217;s Investors Service.<\/p>\n<p><\/br><br \/>\nThe reported cost, &quot;upwards of $250 million,&quot; more than doubles the<br \/>\nprevious, 3-year-old estimate of more than $100 million, which included<br \/>\nonly the Chandler Pavilion.<br \/><\/br><br \/>\n<br \/><\/br><\/p>\n<p>\nThe Moody&#8217;s report says the new estimate covers &quot;various large-scale<br \/>\nconstruction and renovation of buildings, performance spaces, the<br \/>\noutdoor plaza and office space,&quot; to be incurred &quot;over the next several<br \/>\nyears.&quot;<\/p>\n<\/p>\n<p> To finance those improvements, the report says, &quot;management<br \/>\nnotes that the Music Center may take on up to $100 million to $150<br \/>\nmillion of additional debt,&quot; with donations and county funds to cover<br \/>\nthe rest of the upfront costs.<\/p>\n<p><a href=\"http:\/\/www.latimes.com\/entertainment\/news\/la-et-music-center9-2010apr09,0,4624500.story\">Read the full story here.<\/a><\/p>\n<p>&#8211;Mike Boehm<\/p>\n<p>Photo: L.A. Times file<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite a wrenching economy, the Music Center hasn&#8217;t abandoned an ambitious renovation plan centering on the Dorothy Chandler Pavilion and also involving the large outdoor plaza between the Chandler Pavilion and the Mark Taper Forum, according to a financial analysis issued Wednesday by Moody&#8217;s Investors Service. The reported cost, &quot;upwards of $250 million,&quot; more than [&hellip;]<\/p>\n","protected":false},"author":4131,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-523297","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/523297","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4131"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=523297"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/523297\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=523297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=523297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=523297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}