EDITORIAL
It is obvious that Henry T. Segerstrom thinks big.
He comes from line of visionaries who turned a family farm into a
retail dynasty. In 1967, Segerstrom brought South Coast Plaza to the
community. To date, it is one of the largest -- and swankiest -- malls in
the nation.
He has been called a genius for his business leadership and acumen.
For his generosity and passion for the arts community, he should be
labeled a hero.
Segerstrom’s most recent contribution, a $40-million gift to expand
the Orange County Performing Arts Center, is only the latest in a string
of donations that helped Costa Mesa become recognized as an arts and
cultural mecca. Many are calling it the county’s largest single cash gift
ever.
The funds will be used toward building the $200-million, 2,000-seat
Renee and Henry Segerstrom Concert Hall -- named for the donor and his
late wife, who was also an avid arts patron. The expansion project is
particularly dear to Segerstrom, who has bolstered The Center since its
inception.
Around the time Segerstrom was creating the retail empire, he began
looking to the future of arts and culture in the city. The Segerstrom
family donated the land and $6 million more than 20 years ago for the
cultural center that opened in 1986 and the nearby South Coast Repertory
theater.
Henry Segerstrom also recently donated another six acres -- a parcel
valued at more than $13 million -- for The Center’s expansion.
He has been the Daddy Warbucks to the arts community’s Little Orphan
Annie.
It is a rare thing to have a philanthropist like Segerstrom -- who
also contributes to several national and local charities -- in the
community.
He might have a mind for big business, but he has a big heart to
match.
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