The Arizona Opera erases its debt.
April 09, 2014 12:00 am • By Cathalena E. Burch
Arizona Opera has signed on one of the state’s largest workers’ compensation insurers to a four-year deal as a season title sponsor, a move that will effectively erase the biggest debt from the company’s longterm deficit.
Arizona Opera has had a $1.6 million revolving line of credit with CopperPoint Mutual, formerly SCF Arizona, since 2007. At the end of the four-year deal, which runs through the 2017-18 season, that debt will be erased. Under the agreement, CopperPoint will appear in all marketing materials for the opera’s seasons, including the season brochures.
May 01, 2014 12:00 am • By Cathalena E. Burch
AZ Opera meets $1M challenge, erases debt Company raises $500,000 to collect challenge gift.
Arizona Opera has launched its second Million Dollar May fundraising campaign after an anonymous donor in Phoenix offered up a $500,000 challenge. The donor agreed last week to give the money to the company if it can raise an additional $500,000 in donations by June 30.
arizona opera erases debt
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