Why theatre sought additional revenue

I REFER to Joe McNamee’s report of the annual general meeting of Cork Opera House (Irish Examiner, November 17).

Why theatre sought additional revenue
Fri, 02 Dec, 2005 - 00:00

The article refers to the chairman of Cork Opera House calling on the city council to convert payable loans totalling €2.79m into shares and non-payable grants. The city council passed a resolution at a meeting in May 2004 to convert €507,895 of loans to non-repayable grants and €1,428,454 of loans to share capital.

The article made no reference to this decision. Cork Opera House and Cork city council are currently in talks to progress this resolution.

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