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Los Angeles Convention Center reports first profit in years
Los Angeles Convention Center reports first profit in years

After years of running at a deficit, the Los Angeles Convention Center is reporting profits of $3.3 million for the first year that the facility has been turned over to a private operator. The operator, a division of AEG, the entertainment group that owns and operates the adjacent Staples Center and L.A. Live,  said it turned the center into a moneymaker by running it more efficiently. For example, Brad Gessner, senior vice president and general manager at the convention center, said AEG cut staffing from about 200 workers to 91 and hired a contractor to manage the 5,400 parking spaces at the center. "We are running this like a business," Gessner said. He also said AEG...

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