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Why the LIVA additionally needs 1.5 million euros

Summary by nachrichten.at

For years, the institution of the city of Linz has been free of serious controlling and monitoring. At the end of the project, leisure expenses, budget overruns and exploding consulting costs were the result. A ruthless fall in cash and structural changes should now lead the LIVA to a better future.

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nachrichten.at

Why the LIVA additionally needs 1.5 million euros

3 days ago·Linz, Austria

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k.at

Financial needs for LIVA through Brucknerhaus affair

The affair about the Brucknerhaus has also brought the Linzer Veranstaltungsgesellschaft (LIVA), to which the Konzerthaus belongs, into financial difficulties. A cash collapse for the financial year 2024 forecasts a departure of 1.68 million euros, according to its chairman Meinhard Lukas. For the first time, LIVA has issued a negative equity of 310,000 euros. In order to avert the "endanger to stock", a special subsidy of 1.5 million euros is n…

3 days ago

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