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Events center report presented to city of Bemidji

Bemidji,Minnesota 56619 http://www.bemidjipioneer.com/sites/all/themes/bemidjipioneer_theme/images/social_default_image.png
Bemidji Pioneer
(218) 333-9819 customer support
Events center report presented to city of Bemidji
Bemidji Minnesota P.O. Box 455 56619

The city of Bemidji has released the latest financial report done on the events center.

Wayzata-based Conventions, Sports & Leisure has reviewed three potential scenarios for the events center and developed financial projections for each possibility. Scenario One has the city operating both the events center/arena and convention center; Scenario Two has the city operating the arena and a private hotel operating the convention center; and Scenario Three has the city operating both a convention center and multipurpose hall, which would replace the hockey arena.

CSL has projected an annual net operating deficit of $297,000 for Scenario One, $236,000 for Scenario Two, and $222,000 for Scenario Three. All three projections were developed from base cases sub-scenarios; CSL also projected deficits for each scenario in low and high cases.

Watch for a detailed story in Wednesday's Bemidji Pioneer.

Bethany Wesley
(218) 333-9200 x337
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