By: Diane Benjamin
Of course a feasibility study was done before the Coliseum was built. It predicted Revenue of $7.1 million and expenses of $4.8 million. Operations would easily cover the cost of building it. https://blnnews.com/2016/02/11/the-tale-of-the-coliseum-tari-a-hotel/
At last night’s Committee of the Whole meeting, VenuWorks stated the arena would never lose LESS than $500,000.
Any public official who trusts a feasibility study shouldn’t be in office.
The Council is just fine with the losses, they have no intention of shutting this tax dollar sucker down. They do want real economic impact numbers however. Bring in the college kids to figure it out.
A downtown hotel is in your future!
The Grossinger Motors Arena manager repeated numerous times they are looking to book extended events – probably sports – over a long weekend. People will travel here, and of course they need a hotel across the street.
Eminent domain will be next. Maybe they are looking at a combination bus transfer station and hotel! Normal has a combo with a parking garage.
The Council skipped the Pledge of Allegiance. Maybe if they had they would have noticed the “and to the Republic” line. No democracy (mob rule) mentioned. Elections matter, just not once most are elected. Campaigning and serving are two separate issues.
Hit play to hear Gary Lambert’s public comments, the VenuWorks presentation and discussion follows. More on the rest of the meeting later