Last year the city lost $720,000 in the "event" fund, and won't tell us where aside from a $250,000 loss on the Neil Diamond concert. Shouldn't we know?
They also lost the entire $380,000 raised with the hospitality tax. Now that's acceptable to use it for small subsidies but it leaves no money to handle routine maintenance like replacing the carpets.
They also got a $600,000 injection of capital that was to go to upgrades on the building. They apparently paid for some Sioux banners and I couldn't tell what else we got for our money. (The outside banners are gone.)
At the end of the year it came out that there was money loaned (from the city) to the Alerus in the amount of $872,000. The city council claimed they didn't know anything about it. They wrote that amount off this year.
This year the city council through six million dollars more into the Alerus. We paid for those video boards because Steve Hyman said it would bring in $100-300K. They still only have the bud light and Altru ads (that we've had for years. In other words, we're not getting any additional revenue months after they should have been selling ads)
They're going to rebuild the convention entry which makes me wonder why they let CanadInn tear it out.
The comment about the Armory is looking at it the wrong way. That ($150,000)subsidy was all it was costing us(for the Armory). The Alerus cost us $8,000,000 last year. ($380,000 hospitality tax, $720,000 losses in the "event fund", $6.9 million for 3/4 sales tax on GF taxable sales)
I'm trying to stick to facts in this.