Friday, November 22, 2024
Hawai'i Free Press

Current Articles | Archives

Wednesday, June 19, 2019
Auditor: No More Silly Talk About Profits at the Convention Center
By Andrew Walden @ 9:41 PM :: 4699 Views :: Hawaii State Government, Tourism

by Andrew Walden

Silly talk of profits at the Hawaii Convention Center was just a fad from the dimly remembered days of 2016.

Released today, a State Auditor’s report shows the Convention Center ‘s operating loss has jumped up from an anemic $4.3M in 2017 to a much more robust $8.3M in calendar year 2018. 

The Convention Center also managed to boost personnel expenses to $5.95M – up $330K.

Overall revenue relaxed from 2017’s stressful $17.6M to a much more easy-going $13.9M for 2018.

Meanwhile, Convention Center management showed its true prowess by making expenses jump from $21.9M to $22.3M.

The Convention Center and its payroll stay afloat thanks to contributions from the HTA. 

In 2017 HTA gave the Convention Center $16.9M and the Convention Center stupidly gave back $10.5M for something called “completed events revenue” -- leaving a net of $6.4M. 

But in 2018 the picture is much brighter.  The HTA gave the Convention Center $20.2M and, with fewer annoying events in the way, the Convention Center gave back only $8.9M producing a net of $11.3M.

That’s an extra $4.9M.  As California Governor Jerry Brown once said, “Less is more.”

PDF: Audit Summary

PDF: Full Report

Links

TEXT "follow HawaiiFreePress" to 40404

Register to Vote

2aHawaii

Aloha Pregnancy Care Center

AntiPlanner

Antonio Gramsci Reading List

A Place for Women in Waipio

Ballotpedia Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii

FIRE

Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Habele.org

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii ConCon Info

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federation of Republican Women

Hawaii History Blog

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Matters

Hawaii Military History

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Together

HiFiCo

Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

July 4 in Hawaii

Land and Power in Hawaii

Lessons in Firearm Education

Lingle Years

Managed Care Matters -- Hawaii

MentalIllnessPolicy.org

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

Natatorium.org

National Parents Org Hawaii

NFIB Hawaii News

NRA-ILA Hawaii

Obookiah

OHA Lies

Opt Out Today

Patients Rights Council Hawaii

Practical Policy Institute of Hawaii

Pritchett Cartoons

Pro-GMO Hawaii

RailRipoff.com

Rental by Owner Awareness Assn

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

School Choice in Hawaii

SenatorFong.com

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

Waagey.org

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii