Tag: depreciation

Written by Diane Benjamin - editor

How much the ARENA really lost

By:  Diane Benjamin Remember the celebrations when VenuWorks announced they ONLY lost $276,367? They budgeted a loss of $495,514, so everybody happily reported they lost less than expected.  See PDF page 27:  https://www.cityblm.org/Home/ShowDocument?id=23151 Long time readers won’t be surprised to learn the auditors didn’t agree with the  VenuWorks accounting. The audited financial report has appeared […]

Written by Diane Benjamin - editor

Arena losses – fiction

By:  Diane Benjamin I’ve been writing about the Coliseum (Grossinger Motors Arena) for YEARS.  This “White Elephant” has been a constant drain on taxpayers since it was conceived.  The losses are huge, theft is being prosecuted, the City failed to oversee operations, economic impact numbers are made up, and new management is doing little to […]