The Events Center will be in the black.

Wait for it . . . . BAHAHAHAHAHAHA!

Oh, but let’s just take their word for it;

As for the Denny Sanford PREMIER Center, Torkildson expects the facility to be in the black by the end of its first year.

Oh sure, you betcha! SMG will make money. Ovations will make money. The utility companies will make money. The promoters will make money. The operations will be covered.

The taxpayers, we get to make a mortgage payment.

While applaud all of these entities making money and the city getting the operations covered, the taxpayer of Sioux Falls is still stuck with the mortgage payment (and building maintenance) each year which is an almost $10 million dollar deficit to our CIP each year. Money that could be spent on roads, parks or a million other useful things in the community. So while we get to make the payments on the EC, all the contractors associated with the facility get to bask in the ‘Black’ while we get to swim in the ‘RED’.

One Thought on “SMG basking in the ‘black’

  1. The Daily Spin on July 3, 2015 at 9:41 am said:

    They can cook the books but Denny Dome is this city’s recipe for disaster. They still don’t know if, when, or how much it’ll cost to fix it. Haven’t we learned not to believe the city? If it’s in the black the first year, there’s water on the sun and the moon is cheese.

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