What on earth are you talking about? You referred to "all of the extra money coming into town due to the shows, conventions, games, etc.." This is totally false.
The Alerus Center has three primary missions...arena events, multi-day regional convention/conference business, and Sioux football.
The arena side is a total failure. In fact, the property currently has one date on the calendar. Yes, ONE. Also, before the center can book a major concert event, they have to go before the city council for approval. The Alerus loses from $100,000 to $300,000 PER SHOW when the highest grossing tours in America come to town. Also, it was disclosed last year that city council and Alerus commission members were aware of "secret subsidies" in the amount of abut $850,000 that were transferred to the property. Commission members, council members, and The Herald knew about these transfers but attempted to conceal the facts from the public. In fact, they even teased "profits" before the secret subsidies were disclosed.
The convention side of the property is also a failure. Multi-day regional conventions have NEVER panned out, not in the nearly 10 year history of the complex. In fact, the convention side's gross sales are only about $1,000,000 per year. This is pathetic for a property such as The Alerus. Also, the bulk of these sales are simply dollars that were redirected from private properties to the publicly-owned Alerus.
Sioux football is what it is. I have one question, why did UND sign a 10 year agreement with The Alerus? Sioux football is the only positive feature of The Alerus. Football is in the driver's seat; why a ten year agreement?
So, no shows, no events, no banquets, no conventions. What is "all of the extra money coming into town due to the shows, conventions, games, etc.."? Can you explain?
The Herald throws new narratives against the wall in hopes of something sticking. It's not working. Their current narrative is "They book the wrong acts". Oh, really? Again, the TOP GROSSING tours in America lose 100K-300K PER SHOW. The Herald also likes to write articles solely based on the property's financials. If the property hosted ZERO events in a year, and recognized the tax funds they receive as revenues, The Herald would publish a story about their financial success. What a minute! Isn't the primary goal of the development supposed to be bringing NEW dollars to town. Watch for the coming positive story about the Alerus' financial success in the future. It will happen.
In my opinion, a big untold story is the revenue recognized from suite holders. Why on earth are these entities paying for the suites when there are so few events, 1-3 per year? My guess would be that these entities are sympathetic to Alerus Financial in some way and holding onto their suites in an attempt to paint the property in a more positive light.
The Alerus story is simply a story of failed speculation. The sad story is the lengths that VenuWorks, The Alerus Commission, and The City Council have gone to to lie, cheat, and deceive taxpayers for the mismanagement and failure of the property.