LA City Council Eyes $30M Loan To Lure Cirque Du Soleil

“The Los Angeles City Council is weighing a plan to issue a $30-million loan that would allow the owner of the Hollywood & Highland shopping mall to retrofit a theater so it can house a decade of performances by Cirque du Soleil. CIM Group … hopes to bring the acrobatic performances to the venue starting in 2011. In exchange for the loan, CIM and its partners would pledge to create at least 858 jobs, according to the proposal.”