On July 8 the Fontana City Council amended the Memorandum of Understanding (MOU) concerning the repayment of a loan issued to Stage Red Fontana. The total loan amount reflected in the new MOU has increased by $1 million, and the repayment schedule was adjusted to reflect the changes. The new loan amount is $1.75 million, to be paid back in 10 installments by June 30, 2038.

The original loan amount borrowed by the entertainment venue on May 12, 2024 was $500,000 from Fontana’s General Fund Account. On July 16, 2024, $250,000 was added to the total before Stage Red was also approved for an additional loan of $1 million on May 13, 2025. Stage Red will repay its loan money — said to be used for “operational purposes” — in installments of $175,000 annually on June 30. The first installment is

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