IS IT TRUE? November 2, 2011 Will the Centre Ever Perform Financially?
IS IT TRUE that the Centre has now released another report of the results of operations from a financial perspective?…that during the last year the Centre has added another $600,000 of losses to bring the 12 year total up to over $7 Million?…that Roberts Stadium is being slated for demolition by the Weinzapfel Administration because it costs about $400,000 per year to keep on ice?…that prior to the opening of the Ford Center that Roberts Stadium was actually running at a profit?…that it was and is the only paid for facility that is capable of operating at a profit in the City of Evansville?…that the dual thought process of the Weinzapfel Administration is nothing short of mind boggling?…that the Centre is owned and operated by the Vanderburgh County Commissioners who are now blaming the lack of a downtown Convention Hotel for losing 20% of the convention business in a single year?…that this was discussed three years ago, two years ago, last year, and today?…that the Vanderburgh County Commissioners are just as complicit in letting a hair brained scheme run amok that has resulted in no downtown Convention Hotel as anyone else including the Administration of the City of Evansville?…that going with the flow and refusing to call out idiocies is pretty much the downfall of downtown Evansville?…that hopefully in 60 days there will be the seed of sanity for a future of hope installed in the Office of the Mayor of Evansville?
IS IT TRUE that the hour that the Bank of America announced that they were going to be charging a $5 fee per month for the use of debit the City County Observer pounced on those rascals like a cat on a rat running through Bee Slough?…that our story about how the Bank of America, Wells Fargo, Regions, and other banks that were planning to feast on usury fees like this would backfire drew nearly 10,000 pageviews?…that only about 500 of those pageviews came from the Evansville area?…that we can thank our friends at Google for driving people across America who were incensed by this usury fee to the CCO?…that yesterday the Bank of America and several other of those banks have suspended their plans?…that this is a testament to the power of consumers in a FREE MARKET?…that where there are informed people who are aware of their surroundings that competitive forces prevail?…that if everything that we buy including electricity were competitive that the country as a whole would always be able to pound down usury fees like the B of A’s $5 fee?…that in a country that is being driven by fear and uncertainty that this reversal of intent is a validation that when left alone that capitalism and free markets are the best way to go?…that it is a hard but true lesson that everything that the government touches becomes a little bit less competitive even if it is called The Centre?
IS IT TRUE that if The Centre has lost $7,065,744 in 12 years and that it has received a total of $7,244,103 from the people of Vanderburgh County that it may just mean that the real operating deficit is $14,309,847?…that at an attendance of only 175,000 people per year that works out to a subsidy of nearly $7 for every warm body that steps in the building?…that the CCO is interested in what the projections were for the performance of this facility when it was committed to back in the planning stages?…that we would like to know if we were sold a pig in a poke by local government or if we all knew right up front that high six figure losses were expected every year forever?…that we also question the proposition that a downtown Convention Hotel will stop the flow of red ink?…that it really seems as though the financial projections of government paid consultants have about as much credibility as Khadafy’s Ghost would have as the guest speaker at a conference on human rights?