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LAS VEGAS — Cirque du Soleil, the acrobatics-based entertainment company that put on hundreds of shows around the world each year has filed for bankruptcy.The company says it will lay off more than 3,500 people.The filing comes three months after Cirque du Soleil temporarily suspended production of its shows, including six in Las Vegas alone.According to CNN, the company is nearly billion in debt.According to a press release, the company recently received 0 million in new funding to "support a successful restart, provide relief for Cirque du Soleil's affected employees and partners, and assume certain of the company's outstanding liabilities."This story was originally published by KTNV in Las Vegas. 722
LA MESA, Calif. (KGTV) - A new study says selling your home and renting a smaller place is becoming more appealing for retirees hoping to make it in San Diego.After working for nearly three decades at a phone company, Lydia Tillinghast retired."I was excited, excited for the new adventure," said Tillinghast, 69.Years into her retirement, her husband passed. Her stress level climbed, along with the expenses of her three-bedroom home in Ocean Beach."Overwhelmed. I was overwhelmed," said Tillinghast.RELATED: Making It in San Diego: Cost of housing driving up retirement spending in CaliforniaShe wanted to stay in the area, but like many, her retirement accounts aren't vast. So last year, she and her Corgi, Luke, embarked on their retirement dreams by selling her dream home of 42 years, moving into the Waterford Terrace retirement community in La Mesa and paying rent for a one-bedroom apartment home."The numbers made sense ... was emotionally attached to the house, but ready for a change," said Tillinghast.She's not alone in her thinking. According to a new study from Moneyrates.com, the San Diego area ranks 20th best in the country when it comes to seniors 'downsizing,' defined as selling their home to rent in a smaller place. According to the study, selling a median priced home will net you 32.67 years of rent in a two-bedroom apartment. That's despite sky-high rents. "That's because as much as rents have gone up, housing values have gone up even more," said Richard Barrington, senior financial analyst at Moneyrates.com.RELATED: Here's where you can get a senior discount around San DiegoToss in the expenses a homeowner won't be paying - like property taxes, home insurance and upkeep - and the numbers add up for retirees like Tillinghast. Her all-inclusive rent at Waterford Terrace includes meals, am on-site beauty salon, a movie theater and a full slate of activities. Her finances should allow her to stay here as long as she wants."As long as I don't go crazy and go around the world, it'll be quite a while. Until I die, I suppose ... I am living my retirement dream."Juan Sotelo, Executive Director of Waterford Terrace Retirement Community, says most of the some 100 residents sold homes before coming to live there. 2258
LA MESA, Calif. (KGTV) -- At least three people were hospitalized Wednesday morning after a multi-vehicle collision on a La Mesa-area freeway caused by a wrong-way driver.At around 4:30 a.m., the California Highway Patrol received reports of a gray Honda According traveling the wrong way on northbound state Route 125 near Grossmont Boulevard.The CHP said the Accord collided with a Toyota SUV, disabling both vehicles. According to the CHP, the wrong-way driver ditched his damaged vehicle in the middle lanes and then left the scene on foot.Moments later, several other vehicles crashed into the Accord-Toyota wreckage.ABC 10News learned at least three people in the second crash were taken to the hospital with injuries of unknown severity.The incident forced the closure of all northbound SR-125 lanes at Lemon Avenue at around 4:50 a.m. Lanes were expected to reopen by 6 a.m.A description of the wrong-way driver was not immediately available. 958
Last night’s largely peaceful celebration in Downtown LA of the Lakers championship turned into confrontational, violent & destructive behavior. Latest details:76 arrested30+ buildings damaged8 officers injured2 injured by less lethal munitions fired by our officers pic.twitter.com/BZ2nYWHz3c— LAPD HQ (@LAPDHQ) October 12, 2020 341
LAKESIDE, Calif. (KGTV) -- No one was injured Friday afternoon after a car slammed into a pizza restaurant in Lakeside. The crash happened at Giant Bambino’s Pizza on the 9500 block of Winter Gardens Boulevard before 3 p.m. Witnesses say the man behind the when was an Uber driver who drove to the restaurant to pick up a pizza. A customer inside the store narrowly escaped injury. The woman told 10News she got up from her table just before the car crashed through the restaurant. The manager of the restaurant says gas and electricity was shut off inside the restaurant after the crash. At this time, it’s unclear what exactly led to the crash. 655
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