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DPAC nets $1.8 million for Durham

Posted August 23, 2012

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— The city of Durham earned $1.8 million from the Durham Performing Arts Center in the last fiscal year, officials said Thursday.

According to preliminary financial results, Durham Performing Arts LLC generated a net income of about $4.5 million in the 2012 fiscal year, which ended June 30. Forty percent of that – or about $1.8 million – will be given to the city under the facility’s operating agreement.

Last fiscal year, Durham earned $1.02 million from DPAC, officials said.

Durham owns the center, which is managed and operated by PFM/Nederlander.

Durham officials said Thursday the income will go into the city’s DPAC Fund, which is used to cover debt service, maintenance, building improvements and other possible revenue shortfalls from naming rights or the hotel/motel occupancy tax.

City budget documents show DPAC posted a gross profit of nearly $6.7 million in the last fiscal year, and had nearly $2.2 million in operating expenses.


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  • FourAutumn Aug 24, 2012

    "1.8 million that will go towards their socialist government"

    Someone needs to step away from their tv and/or radio

  • Fun Aug 24, 2012

    Let's swap the Raleigh Convention Center,it's 245 million dollars debt and $1,000,000 quarterly losses with Durham for the DPAC-- We can offer to sweeten the deal and through in the money losing ampitheater too !

  • TiminNCisBack Aug 23, 2012

    "Durham owns the center, which is managed and operated by PFM/Nederlander"

    Again no story here folks other than who manages and operates DPAC. Great place but just happens to be in Durham.

  • meeper Aug 23, 2012

    1.8 million that will go towards their socialist government.

  • whoami Aug 23, 2012

    Great news, but wait until the mayor and the council get wind of it. That profit will mysteriously turn into a loss while more city business gets funneled to friends of the elected official. Or for one specific person, a company he personally owns.

  • westernwake1 Aug 23, 2012

    DPAC is a great venue. It is great to see that it is financially successful.