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.
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