Wednesday, December 17, 2008

Virginia Symphony loaned $500,000

The financially troubled Virginia Symphony, which had said it would seek a $1 million loan from the Norfolk Economic Development Authority, requested and won approval from the authority's board for a $500,000 loan.

The funds should stabilize the orchestra through July 31, the end of its fiscal year, Blair Wimbush, the orchestra's board chairman, tells Teresa Annas of The Virginian Pilot: