The Walt Disney Co. pledged $25 million on Monday to spur completion of a concert hall begun 10 years ago by the widow of the company’s founder.
Walt Disney Co. promised the $25 million if the organizers of the stalled construction project raise $25 million themselves.
Organizers cut their share to $20 million after Disney nephew Roy E. Disney, and his wife, Patty, agreed to donate $5 million.
The Walt Disney Concert Hall was the dream of Disney’s widow, Lillian, who 10 years ago gave $50 million toward its construction. The 2,350-seat theater is to serve as a showcase for music and dance performances, lectures and innovative puppetry.
However, only the hall’s parking structure has been completed.
sponsored Jargon is confusing, by definition. And the financial world has its own set of cryptic words.