LONG BEACH : Convention Center Losses
- Share via
The Long Beach Convention and Entertainment Center lost $1.1 million in fiscal 1984-85, the lowest deficit in the facility’s eight-year history.
Losses have declined from a high of $3 million in the 1981-82 fiscal year, according to an audit released by City Auditor Robert Fronke.
“Nobody expected that convention center to pay for itself,” Fronke said in an interview Wednesday, adding that practically none of the convention centers around the country operate at a profit. The auditor said, however, that in his opinion the center makes up for the deficit by attracting tourists and conventions to the city.
The center is expected to continue operating at a deficit in the near future, with about $2 million in losses estimated for the 1985-86 fiscal year that ended in June, Fronke said.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
More From the Los Angeles Times
Podcasts
In this episode, we discuss the history here, what lessons were learned — and not — and how that can inform what we we do this time around as we attempt to rebuild Altadena and the Pacific Palisades.
This week’s episode covers the sentencing and future legal proceedings for “The Ketamine Queen” — the doctor who pled guilty to supplying Matthew Perry with ketamine.
This week, “A Matter of Degrees,” hosted by Dr. Leah Stokes & Dr. Katharine Wilkinson, discuss how insurance companies are failing to accommodate for the impacts of climate change.
