If you watch the hearing below you will see just how much of your ticket purchase goes to the big guys and how very little goes towards the artist. What is left out of the discussion is just how much money stays in our community. Very little. I have argued that when you spend money locally on entertainment that money gets re-circulated in the community when you spend it at the Denty most of it goes straight out of town. And SALES don’t reflect profit which doesn’t even cover 10% of our mortgage payment;
It was the Premier Center’s most profitable year yet, coming in at $2.1 million compared to the previous record of $1.5 million set in 2019.
And just how much of that ‘profit’ goes back to city coffers?
Well, I could have seen this coming a mile away. As Scott Hudson and I discussed on our podcast before the Denty was built, the industry wasn’t really moving in a direction of big sold out concerts. The Premier Center was a splash in the pan, but unfortunately, we have to pay the mortgage and maintenance on the facility for its life.
Part of the issue was the way the bonds were passed to build the facility. It was many first time voters that didn’t know that it was an advisory vote (a real bond election would have required a 60% passage). If it would have been a REAL bond election, the EC would have failed.
I still think remodeling the Arena, turning the current convention center into a recreational facility and moving the Convention Center downtown would have been a better choice.
I had a person ask me the other day what I thought were Sioux Falls’ best years since I have lived here. (He moved here with his wife in 2010 and runs a successful small business). I told him that golden years were between 1997-2007. Downtown Sioux Falls was full of great live music and live music venues and was really a great place to be. I think we could have continued that trend if it were not for the 2008 recession. I don’t think the Sioux Falls middle class really bounced back from that recession. Wages were frozen throughout the city for several years and the only ones moving forward were the welfare queen developers who were cashing in on all the tax incentives. I think that ruined Sioux Falls, growth for growth sakes.
If the 2008 recession could have been avoided, and we throttled back on the growth in 2007 we would be a much better community for it. But hey! At least we have a dented up empty can to be proud of.
“We were getting ready to launch a market study to look at what’s the right sizing and scaling,” said Shawn Pritchett, director of finance for the city of Sioux Falls.
“Unfortunately with COVID, the market disappeared entirely, and there was nothing left to study.”
True. But why not just pick up where the committee left off? Why, once again, reinvent the wheel?
“You have to have the right type of expertise and professional experience to give truly meaningful outside perspective,” he said.
So are you saying the 1st committee didn’t have that? Not sure how a bunch of bankers and doctors are going to be much different?
When you look back on the first term of the administration, it’s hard to figure out what was accomplished accept a bunch of studies thrown in the garbage and a revolving door of directors at city hall. How do these people get elected and re-elected. Baffling.
This absolutely was not caused by the farm show or their people or their vendors. It was strictly the Denny staff that took all the ice out. Again the farm show staff nor any of their vendors caused this!
On FB host parents of the Stampede players have been saying they will get an update tomorrow about the ice repair and future of the season.
No matter how this happened, the truth needs to come out and the cost to tax payers. If the damage was caused by negligent EC staff, they need to pony up.
While I would love to blame the Commission for the authoritarian move to put a time limit on public input, it seems the Trumper election deniers have ruined it for the rest of us. The group (who obviously believe Trump won the election) have been berating the Commission over the past couple of months about election integrity and all the supposed problems with our elections like drop boxes, mail in ballots and of course fake news.
So the Commission has decided to change their long standing rule of NOT having a time limit on public input to now having a 5 Minute limit (with a cute little clock on the big screen) and similar to the SF School Board a sign up sheet, to which the chair said was to make sure they are spelling the public inputers names correctly. It is also a very nifty way to turn them over to the NSA, CIA and FBI ðŸ˜Š
While I totally understand the annoyance of ignorant morons who watch to much Newsmaxx (the city council has the march of the Anti-vaxxers that show up each week), I think instead of changing a long standing public input rule maybe the commission needs to change the rules of engagement with the inputers. I think a lot of times at public meetings, whether it is city council, school board or county commission some of these issues can be quickly resolved if you would just answer their questions on the spot. They may not like the answer, but if you are clear with them that they got a response there would be no reason to show up week after week complaining about the same stuff while building up their conspiracy theories.
After watching this, I have come to a different conclusion on â€˜general’ public input. It really isn’t about the time limit, the position on the agenda of even decorum, it’s more about the governmental body interacting with the public during this time. But you will never get that since most of the local governmental bodies are run by authoritarians who want to keep their backroom deals and schemes secret. Just watch how the chair of the Lincoln County Commission runs the meetings . . . scary stuff.
ICE RINK AT EVENTS CENTER MALFUNCTIONS
The Denty having to cancel the Stampede games this weekend due to malfunctioning icing equipment is a flashing warning sign of what is coming for taxpayers. If you think the $10 million a year mortgage is draining us, wait until major upkeep and maintenance starts. The building is getting to the age that this stuff needs to start being budgeted for (7+ years old). Just look at the Pavilion, a place that was supposed to cost us $19 million has probably gone far beyond $100 million in maintenance and upgrades over the past 20+ years, and this is just a small facility compared to the Denty. A city official told me recently they will have to start budgeting major maintenance expenses starting next year (like siding replacement) and the price tag will NOT be small. I still think the Denty (besides the bunker ramp) was one of the stupidest investments this city ever made that sends around $20 million in profits straight out of town and out of state every year never to be recirculated locally, and don’t get me started on the location!