(CelebrityAccess News Service) – Calabasas, CA-based Countrywide Financial Corporation has acquired the naming rights to the Thousand Oaks Civic Arts Plaza, now called Countrywide Performing Arts Center. CFC will pay $4.25 million over the next five years to the Alliance for the Arts, the fundraising arm for the Thousand Oaks Civic Arts Plaza and its two theaters, the 1,800-seat Fred Kavli Theatre and the 325-seat Janet and Ray Sherr Forum Theatre, which make up the Countrywide PAC.
The pledge is the largest received by the Alliance for the Arts in its current drive to raise $30 million for the Civic Arts Plaza, and brings total contributions to date to $22 million.
"We were very choosy about who we approached for this naming opportunity," said Patricia Jones, president and executive director of the Alliance for the Arts. "We wanted a company who had the same appreciation for the arts; who understands that the arts connect learning experiences to the world of real work. –by Jane Cohen and Bob Grossweiner