Tuesday, October 7, 2008

Dena'ina Center to operate at a loss

First it was my story on Wasilla's suburban mess, now the ADN is reporting on the new convention center one day after I write a post about it here. Hmmm... are they getting their story ideas from yours truly? Eh.. maybe not. Regardless, the Dena'ina Center makes the front page of Mondays Anchorage Daily News with an article about how although the convention centers backers have been able to show off the buildings on-time completion along with maintaining its promise not to use property tax, the new building along with the Egan Center will operate at a loss for the first full year. To make things more interesting, the $1.47 million that is being projected as a loss into 2009 is way too close for comfort as the cap of funding from bed-tax is set at $1.6 million. Should that cap be exceeded, who will foot the bill? Okay, now that I've got you interested, read the article.

On a related note, another article on one of the art installations that can be found in the building (seen above^, left) thanks to the 1% art program, also from Monday's ADN.

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