Sunday, May 15, 2011

Onondaga County's Oncenter asks Legislature for a $1.8 million bailout

Syracuse.com reported that Onondaga County’s convention center has run out of cash to pay its bills.

On Thursday, the nonprofit corporation that manages the convention center told county lawmakers it needs $1.8 million from taxpayers — on top of the nearly $1.2 million subsidy it has already received — to keep the complex operating the rest of the year. The Oncenter also receives a $250,000 annual payment for capital costs.

The request comes less than two years after Oncenter’s manager came begging for $575,000 from taxpayers to get through 2009. That money — which lawmakers provided — came on top of a $2.2 million subsidy the center had already received that year.

Steve Cambareri, a local attorney and chairman of the Oncenter’s board of directors, said expenses are exceeding revenues partly because the economy has hurt the convention business, competition from other facilities such as Turning Stone Resort Casino is taking its toll, and the Syracuse Symphony Orchestra went bankrupt this year owing the center $96,000.

Read more here.

No comments:

Post a Comment