By: Diane Benjamin
No BCPA event reports have been posted to the City website. Evidently I have to FOIA all of them.
From this year’s budget:
$1,700,000 of the Revenue is from Home Rule Sales Tax. Of that $840,206 goes to bond payments.
See the complete BCPA presentation in the budget starting on PDF page 201: https://www.cityblm.org/home/showpublisheddocument/26434/637575549746730000
Not only does the City budget for a loss, the BCPA wouldn’t exist of Bloomington hadn’t raise the Sales Tax rate years ago. BCPA gets 1/4th of the 1% increase.
Of course the Convention and Visitors Bureau has a formula for economic impact. The Coliseum used to gloat about their number too. It amounts to no proof, just assumptions about how much money attendees spend elsewhere when they attend shows.
I added the number of attendees to the two previous stories:
621 people over 3 shows:
1202 people over 6 shows:
A total of 1823 people attended 9 shows. No wonder the reports aren’t posted!
In three months the BCPA lost at least $140,251 not including salaries and overhead. The budgeted loss for the entire year is $199,526, it ends on 4/30/2022. The first show this year was 9/8/2021. It was closed because of Covid before then.