Log in to WRAL.com with one click using your favorite social network:
OR
Log in using your WRAL.com account:



Wrong email/password combination.

Forgot password?

Register with WRAL.com using your favorite social network:
OR
Register for a WRAL.com account using our web form.

9:51 a.m. • 5-19-13

Weather Forecast for Raleigh

  • Today: Thunderstorm.
    • Hi: 78° F
  • Mon: Thunderstorm.
    • Hi: 76° F
  • Tue: Thunderstorm.
    • Hi: 81° F

Other Locations

> 7 Day Forecast

Doppler Image

Published: 2010-03-18 18:00:00
Updated: 2010-03-18 19:11:10

Some publicly run venues in N.C. losing money


4th Of July At Booth Amphitheater
4th Of July At Booth Amphitheater
print friendly

Raleigh is getting ready to build an outdoor amphitheater near the convention center. Millions are set aside to the get the project moving, and the city expects the theater to make about $500,000 a year.

However, a WRAL News investigation into other publicly run entertainment venues found that turning a profit is harder than it sounds.

From the RBC Center in Raleigh, to the Booth Amphitheater in Cary, to municipal golf courses all across our area, the major venues are losing money, and taxpayers are making up the difference.

In the brown dirt off Raleigh's McDowell Street, city leaders hope to turn up some green.

“We do believe it can be a break even to half a million dollar net revenue for us,” said Raleigh City Manager Russell Allen.

The goal is transform the field into something similar to Chastain Park in Atlanta. Raleigh leaders are using it as a model for a 4,200-seat amphitheater here. It will sit in the shadow of two publicly run venues that need taxpayers to balance the books.

“The public should expect to be proud of these venues,” Allen said. But he points out that pride requires a public investment.

The convention and performing arts center complex produced almost $13 million in revenue last fiscal year compared with $17 million in expenditures. Taxpayers made up the difference.

“There would not be our expectation that it's going to break even or make money, maybe not in the life of the facility,” Allen said.

Former City Council Member Philip Isley says Raleigh needs public venues, but leaders need to work harder to raise more revenue through shows or private sponsors, not just fall back on taxpayers.

“In these times you've got to figure out how to get more revenue out of public buildings," he said.

The WRAL Investigates team found other locally run venues leaning on taxpayers. During the last concert season, the Koka Booth Amphitheater at Regency Park in Cary had an operating loss of $172,000 – the smallest loss since it opened in 2001.

In Cumberland County, the Crown Coliseum had operating revenues of $2.4 million last year and operating expenditures double that amount. The Crown received more than $3 million from the county's general fund and food-beverage taxes to cover operating expenses.

Back in Raleigh, some venues do return revenue. The RBC Center gets about $7 million a year in hotel-motel and food and beverage taxes. It also pays out more than $4 million to local government. Time Warner Pavilion is even more profitable. Raleigh's general fund gets a $1 million boost from the lease money each year.

That's the exception though. Most public venues operate at a financial loss. Still, leaders point to gains elsewhere such as increased tourism, economic impact for nearby businesses and overall quality of life.

"It is a public space. And so there are things you do in public spaces that may not be necessarily bottom-line driven," Allen said.


24 Comments


WRAL.com welcomes your comments on this story. All comments are moderated prior to publication based on our posting guidelines. Please review them prior to posting and if your message is not approved.

View Comments VIEW ALL 24 COMMENTS

This story is closed for comments. Comments on WRAL.com news stories are accepted and moderated between the hours of 8 a.m. and 8 p.m. Monday through Friday.

Latest Comments
The Charlotte Motor Speedway proved it was cheap when they had that bridge collapse and hurt all those people. And there was whole fight with the CMS over wanting more tax breaks or the owner would move out of the city and take his races elsewhere

How is it that facilities built with public money cannot make a profit and facilities built with private money (ie. The Charlotte Motor Speedway) make millions? Maybe local governments should take some notes from the groups that own these racetracks.

If you build it they will come?

Not hardly-

here's why

Poor parking Far from the urban population to small to get any big time entertainers too many other venues close by

This is just a start...

time to rethink this mr russell- sorry your construction buddies won't get the contracts...

Looks like the good people of Roanoke Rapids aren't the only ones taking a loss on entertainment venues. You have to look at the big picture. The effect on the other aspects of the local economy are positive. As I have said before, if the Randy Parton Theatre had of been a success right from the start, the people behind it would have been geniuses. But since it wasn't, they are deemed idiots.

you can expect HEALTHCARE to be the largest one of these EVER!

View Comments VIEW ALL 24 COMMENTS