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 […]
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 […]
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 […]
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 […]
By: Diane Benjamin Note: Comments on this site will be deleted if it’s obvious the writer is only trying to attack. It’s my site – my rules. Either come here to have discussion or start your own site. Note to the idiot commenting about BEC. The election results are not posted where they should be […]
By: Diane Benjamin It’s really hard to say what BN Advantage is, except that they soak up your money. Supposedly it’s a collaboration of government, the Economic Development Council, the Chamber of Commerce, and anybody else who is searching for the “Right Fit” in economic development.
By: Diane Benjamin Five people involved with running the Coliseum have been charged with felonies. The failure by the City of Bloomington to protect taxpayer dollars deserves to be exposed in open court. The citizens didn’t want it built, there was a non-binding referendum stating it. It was built anyway and has been a constant […]