The Cirque is coming to town
The "white elephant" Kodak Theatre received a $30 million boost Tuesday with City Council approval of a federal loan to bring Cirque du Soleil to Hollywood on a permanent basis. Daily News.
"It is fitting that Cirque du Soleil, which was saved by the Los Angeles area, comes back to help us in Hollywood," City Council President Eric Garcetti said prior to the 11-0 council approval of the request to the federal department of Housing and Urban Development.
"When Cirque du Soleil was first starting, they came to Santa Monica in a tent and found success. Since then, they have become the most successful show in the world."

Los Angeles Daily News City Hall reporter 

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