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Monday, April 14, 2008

More Convention Center Money After All

City Council likely will consider Wednesday transferring more than $209,000 into the operating fund for the Duke Energy Center downtown.



The money, currently in an unappropriated surplus fund, comes from extra money the city hadn't budgeted for because of "projected insufficient resources," according to a memo from City Manager Milton Dohoney. "However, actual revenue for the Convention Center in 2007 was greater than anticipated..." Most of the money - $187,300 - will go for sales and marketing, with the remaining $22,000 going toward extra personnel for "enhanced oversight" of the city's contract with Global Spectrum, the private firm that manages the center.



The same ordinance also would transfer and appropriate $300,000 from the same surplus to the operating budget to cover a 5 percent contingencies reserve. That's required, the memo says, by the city's contract with Global Spectrum, which has operated the place since 2006.



Convention officials previously said things have been looking up for the convention business locally - conventioneers booked more than 176,000 hotel room-nights that pumped nearly $52.5 million into the local economy in 2007, an 8 percent increase from the more than 163,000 room-nights and $48.6 million the year before.


9 Comments:

at 11:11 AM, April 15, 2008 Anonymous Anonymous said...

Shouldn't this money go for streetcar studies?

 
at 11:19 AM, April 15, 2008 Blogger Quim said...

Can you imagine how much more convention business we would get if we legalized gambling, prostitution, marijuana, cocaine, porn & public smoking in bars open 24 hrs a day ?
Then - throw in some streetcars to get the conventioneers to all the hotspots !

 
at 12:43 PM, April 15, 2008 Blogger Cheviot Sports Authority said...

Street Cars and a new front door for The slave Museum get my vote.
St CSA

 
at 2:01 PM, April 15, 2008 Blogger usefullidiot said...

I'm sure there will be plenty of money to keep the pools open ALL summer, right??

 
at 3:06 PM, April 15, 2008 Anonymous Anonymous said...

Hey, look two blogs up! The Free Lunch Center wants more money! What a happy coincidece!

 
at 6:25 PM, April 15, 2008 Anonymous Flying Dutchman said...

Very classy blog comments...

 
at 12:06 AM, April 16, 2008 Anonymous No justice no peace said...

That's it. I'm leaving Ohio unless The Slave Center gets an annual taxpayer subsidy and we get streetcars by the end of the year. I can no longer stand the injustice.

 
at 8:04 AM, April 16, 2008 Anonymous Anonymous said...

12:06,

You wouldn't "get" streetcars by the end of the year. You would, however, get to pay for streetcars by the end of the year. It will be some time before anyone actually builds one. The bid process takes longer than usual because you have to figure out which Mallory, or combination of Mallorys, to pay "lobbying fees" to.

 
at 2:44 AM, April 18, 2008 Blogger Cheviot Sports Idiot said...

8:04 doesn't even live in the City.

 
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