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 […]
By: Diane Benjamin https://drive.google.com/file/d/1OZVoMyplMDjMqjukW6YmbB7_BGsi_x2S/view Connect Transit did not meet in December, so the January report includes data from November and December. Your wealth was redistributed in November to the tune of $921,258 – December was better, a mere $821,259. Just two months of empty buses cost you $1,742,517. Yes, that’s the tax subsidy needed to […]
By: Diane Benjamin Coliseum Quarterly reports are now on-line: http://www.cityblm.org/government/advanced-components/documents/-folder-526 Last years reports for the year ended 4/30/2016 are still a secret. VenuWorks has been managing the Coliseum for all three of the quarters listed at the link above. 1st quarter revenue: $770,839.87 2nd quarter revenue: $275,590.46 3rd quarter revenue: $677,924.52 Don’t get excited – […]
By: Diane Benjamin See Part 1 here: https://blnnews.com/2016/11/30/connect-transit-lunacy-part-1/ See the Board packet here: November-22-2016-regular-board-packet Below is a few items paid in September and October. Remember, they knew by this time the State of Illinois was late paying them and they were in danger of running out of money. I have no idea what a Vault […]
By: Diane Benjamin The LAST Coliseum report posted on the City website is for the year ended: 4/30/2015 Usually quarterly reports are filed and posted. I filed Freedom of Information Requests for the first three quarters of Fiscal Year 2016. I got the first and second: https://blnnews.com/2015/12/13/coliseum-continues-their-losing-ways/ Through October of 2015 the Coliseum lost: $367,691 […]
by: Diane Benjamin The City of Bloomington issued a Press Release stating the Coliseum has an Operating Loss for the first 6 months of the fiscal year of $300,848. The great news is they expected $43,603 more! Remember, the building isn’t paid for. that’s another $2,000,000 a year. Does Mayor Renner or the rubber stamp […]
