ALL THE SPIN DOCTOR!

Philadelphia Orchestra is desperate to raise the last $25 million for its new hall. Will it sell its current digs – the venerable Academy of Music? Absolutely not, it says. But…the orchestra would “transfer ownership” of the Academy in exchange for $50 million. “Under the right conditions, the orchestra would accept money for the 142-year-old hall, turn over title to someone else, and no longer own it.” But it wouldn’t be a sale. Really. Confused? – Philadelphia Inquirer

Source: Philadelphia Inquirer