By: Diane Benjamin
The local purveyor of government propaganda has reported VenuWorks lost $674,000 in the 7 months since they took over.
The only reason this story is out now is because Tuesday night the Coliseum Executive Director will make a presentation to the Council.
Side note: This is also Tuesday’s agenda:
The game must be: Hales Hide the DATA with Tari’s blessing!
I hear Hales is looking for a new job.
Good Luck David – Google will destroy your chances with stories like this.
Back to government propaganda:
The bird-cage liner compares the VenuWorks loss to what CIAM did in 2016 – a $500,000 loss for the year ended 4/30/16. Refer to above! Nothing for 2016 is posted on the City website, including the Coliseum. Is Hales handing out data he wants reported?
Is a $500,000 loss what CIAM reported or what the auditors reported? Long time readers know CIAM’s numbers are fiction, so is the actual loss much bigger? It’s a secret because the City doesn’t think you have a right to know the results of the audit you paid for! Very transparent Tari! They also claim the audit isn’t done. Why is that Tari? Need a couple more years? (Ever feel like you don’t live in America anymore?)
The rag then recaps the losses reported for various years. How did they get close in 2009 and blow the other two years? Did the City give them faulty data?
(The audited numbers below do not include depreciation – which they should!)
2015 per the Pantagraph: <$500,000> Per the Auditors: <677,480> http://www.cityblm.org/Home/ShowDocument?id=9338
2009 per the Pantagraph: <$636,655> Per the Auditors: <647,519> Page 52: http://www.cityblm.org/Home/ShowDocument?id=2069
2010 per the Pantagraph: <84,303> Per the Auditors: <263,084> Page 49: http://www.cityblm.org/Home/ShowDocument?id=2068
The Pantagraph also claims VenuWorks is doing a lot of upgrades – you paid for them. They left that part out!
With the money wasted at the Coliseum, the City could easily build and staff that much-needed NE fire station. Wait until the bill comes in for the outside elevator and replacing the signage!
The story also claims the City is now paying less because the construction bonds have been refinanced. You got a tax increase to pay the original bonds, so where is that extra money going? Obviously, not back to you!
From the 2017 budget presentation – here’s your new fire station that won’t happen because Renner priorities aren’t the same as citizens! The $1.4 million land purchase is the North Main property Renner obviously has plans for but you aren’t allowed to know what they are. Yep, very transparent Tari.
Thinking voting in local elections doesn’t matter? Ha!