The media won’t report this!

By:  Diane Benjamin Long time readers know the former Coliseum managers would issue their financial statements, and then the auditor would issue theirs.  The media always reported the CIAM numbers but never the audited numbers. Audited losses were much higher! The media is continuing to report fake news because the audited number from VenuWorks aren’t […]

Empty Arena: Hockey

By:  Diane Benjamin The picture below is from October 20th – Flying Aces Hockey.  The person who posted this to Facebook was playing a game, the beer won. The team has to pay $5,000 to the arena just to play there.  Grossinger Motors Arena management makes money regardless of how many people show up.  The […]

Bloomington taxpayers were scammed

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 […]

Bloomington Council tonight

By:  Diane Benjamin The VenuWorks report is not the audited version, it is therefore immaterial.  Time allowed for the presentation is 5 minutes, included will be the fictional economic impact of the arena.  See PDF page 40:   http://www.cityblm.org/Home/ShowDocument?id=19928 Financial information is on PDF page 39.  The loss does not include depreciation on the building which […]