09-10-03 Personnel & Finance - Laserfiche WebLink

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Personnel and Finance Committee September 10, 2003 Page 5 Dr. Varner noted that the city owns the building for the College Football Hall of Fame. He questioned by no catering revenues for events held in that building are not captured by the Century Center. He asked that the Board of Managers look into this further. Mr. Douglas noted that they have projected that the Century Center experiences a loss of$70,000 to$80,000 annually by not having the College Football Hall of Fame catering revenues. Mayor Luecke stated that there is in effect a 5-year concessions agreement which ends in 2005. He added that the Century Center presents a "unique set of challenges by the very way that it is set up". He added that insurance costs are a true cost. A possible other option to cover the shortfall would be to use city revenues for short-term help. On the capital side $600,000 is paid each year on the bond. He voiced appreciation that the Board of Managers would be reviewing this further. Mr. Hedman noted that he does not like to present an unbalanced budget, but he stressed that the Century Center is"unique not better"and that these are difficult times for them. Council Member Kelly stated that with a $58 million budget, that he does not see how a $80,000 shortfall provides a major stumbling block,especially since they anticipate a better year in 2004. It was noted that they are working toward the Conventions and Visitor Center helping to assist in getting at least six (6) conventions at the Century Center in 2004, since it is a matter of accountability. He noted that South Bend is a"wonderful destination site". People do not want to stay on Grape Road for their hotel rooms. Hotel space is a real problem in the downtown area, with more rooms helping the Century Center bookings. In response to a question from the Council Attorney, Mr. Hedman stated that addressing the need for more hotels in downtown South Bend should be a part of City Plan, noting that downtown hotels and the Century Center go hand in hand. Council Member Kirsits inquired about security for the Century Center. Mr. Hedman stated that they solicit bids for such services, noting that inside and outside security fluctuates depending on the type of event scheduled. Dr. Varner requested that the Century Center officials keep the Council updated once the Board of Managers have met to discuss their budget further. There being no further business to come before the Committee, Dr. Varner adjourned the meeting at 5:25 p.m. Respectfully submitted, Council Member David Varner, Vice-Chairperson Personnel and Finance Committee KCF:kmf Attachments