- Associated Press - Saturday, April 19, 2014

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 (https://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.

So far this fiscal year, Vacanti says, the Mid-America Center is showing a profit of $19,000.


Information from: The Daily Nonpareil, https://www.nonpareilonline.com

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