Ah, Crybaby Mike couldn’t resist to call out his ‘Naysayers’ the other day at the Events Center financial report. But ironically, as I said before the election, the math didn’t ‘add up’. There is no way possible that revenue from the EC or tax revenue could ever make the almost $10 million a year mortgage payment. Even if you added up the yearly $2.2 million net revenue with the projected $40 million dollar economic impact ($1.6 million in sales tax revenue) you get $3.8 million net, minus the $10 million dollar payment, and you come up with a $6.2 million dollar deficit.
Hardly a money maker.
While I smack around the Pavilion on regular basis, I will give them credit, they have said all along the price of culture and quality of life is to be in the hole all the time, and they have kept their promise, they have been a bloodsucker since day one, but have never lied about running in the red.
So why not just tell us up front, the EC will never make enough money to be self sufficient.
Oh, because that would be ‘negative’ just like their checking account.
Here’s some fun links from the past (Pre-Events Center Election)
As you can see, no new information here. What we said before the election is still true today.