Interest Rate Crisis For LA Arts Groups Eases Somewhat

“LACMA, OCPAC, the Natural History Museum of Los Angeles County and the Colburn School saw their rates leap from the 3% to 4% range through 2007 to highs in February and March as high as 11% for LACMA. Those rates have settled down this month: 3.67% to 4.11% during the last three weeks for the Colburn School’s $133 million in bonds and 4.22% to 5% for OCPAC’s $265 million.”