By: Diane Benjamin
The below information from 2008 was obtained under the Freedom of Information Act more than a year ago, the City of Bloomington does not have Coliseum reports on-line prior to 2012.
Click on either picture below to enlarge.
The 2014-2015 Budget numbers can be found here: http://www.cityblm.org/Modules/ShowDocument.aspx?documentid=8264
The revenue budget has dropped $1,016,582 since 2008. Also note, CIAM was only $328,849 away from meeting the 2008 projection.
How close is CIAM to meeting the 2015 budget figures that are much lower than projected in 2008?
To meet the 2015 budget, for February-April of 2015, revenue of $1,230,907.60 is needed, almost as much as CIAM reported for the first 9 months.
In 7 years the projected revenue is down over a million dollars. Obviously CIAM will not meet the much lower budgeted revenue either.
The City of Bloomington is already negotiating a new contract with CIAM. Who is looking out for you? Obviously not the City or the contract would be put out for bid instead of keeping the current management. In 2008 revenue was much higher, without a downtown hotel. Anybody at the City looking at these numbers? Does the Council care?
Council candidate Amelia Buragas doesn’t think the Coliseum should be expected to break even. Don’t miss the end – she expects you to attend events to lower the losses.