COUNCIL BLUFFS, Iowa (AP) - The general manager of the Mid-America Center in western Iowa’s Council Bluffs says the arena’s financial outlook is improving.
Mark Vacanti with Caesars Entertainment tells the Council Bluffs Nonpareil (http://bit.ly/1gUMG9u) that the city-owned arena and convention facility finished fiscal year 2013 with a $729,000 loss. Vacanti says that was below the average annual loss from the previous 10 years.
But he notes that from October through December, the facility - which sit just across the Missouri River from Omaha, Neb. - showed a $52,000 profit.
A portion of the $729,000 loss, provided by Caesars’ accounting staff, was a company investment of $67,000 for replacing equipment and utilities.
Information from: The Daily Nonpareil, http://www.nonpareilonline.com