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Tagged: Michigan Opera Theatre

Arts/Culture
1:59 pm
Mon April 16, 2012

Michigan Opera Theatre needs $3 millon to pay debt

DETROIT (AP) - A spokesman for Michigan Opera Theatre says the organization needs to raise $3 million by May 31 to retire its debt.

Jeff Strayer said Monday the MOT actually needs to pay $11 million by that date, but already has raised $5 million and expects to rely on financing for another $3 million.

That means it's on the hook for $3 million, for which it currently is seeking donations.

Strayer says the situation is "not that dire," and he predicts the MOT will gather the money in time.

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