OC arts center hit by bond blues

The Orange County Performing ArtsCenter suffered an unprecedented $13-million deficit during the recently ended 2007-08 fiscal year, officials reported Thursday -- not because ticket sales or donations went sour, but because of a blowback effect from the subprime mortgage crisis that vastly increased interest and other costs of the bonds the Costa Mesa center had issued to build the Renee and Henry Segerstrom Concert Hall.

By Mike Boehm

August 9, 2008