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:
Shouldn't this money go for streetcar studies?
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 !
Street Cars and a new front door for The slave Museum get my vote.
St CSA
I'm sure there will be plenty of money to keep the pools open ALL summer, right??
Hey, look two blogs up! The Free Lunch Center wants more money! What a happy coincidece!
Very classy blog comments...
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.
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.
8:04 doesn't even live in the City.
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