Convention center anticipates small budget deficit in 2013
The David L. Lawrence Convention Center in Pittsburgh is projected to almost break even in 2013, thanks largely to revenue from Allegheny County's tax on hotel room rentals and state subsidies.
The city-county Sports & Exhibition Authority, which owns the center, Friday approved an $11.3 million operating budget that anticipates $11.24 million in revenue from convention center event rentals, food and beverage purchases, hotel tax revenue and state Legislature-sanctioned subsidies.
The SEA said it expects to receive $2.75 million from the hotel tax, $1.8 million from events and $1.3 million from food and beverage sales. Its largest expenses associated with the convention center are payroll and benefits ($4.2 million) and utilities ($1.7 million).
SEA Executive Director Mary Conturo said the roughly $60,000 shortfall between revenue and expenses is negligible.
She said the authority was able to avoid a larger deficit because of two state grants — $1.7 million each — that provide operating-gap funding and cover some of the authority's annual debt payments.
The convention center perennially has operated at a deficit and required subsidies from the hotel tax, which was created to promote tourism and encourage conventions to come to Pittsburgh.
Tourism officials have said the cost of subsidizing the convention center is outweighed by the economic benefit it bestows through increased hotel stays, restaurant business, car rentals and other visitor necessities.
Jeremy Boren is a staff writer for Trib Total Media. He can be reached at 412-320-7935 or firstname.lastname@example.org.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Deputy vanishes amid Texas flooding
- Rossi: The series that will define these Pirates
- It’s not a small world after all: Global population estimated to soar
- 2 New Kensington buildings burn downtown
- Steelers’ Polamalu relying on smarts as physical skills decline
- Steelers’ Timmons looks to reverse defense’s struggles
- Pirates hold on to beat Red Sox, complete 3-game sweep at PNC
- Pitt star running back Conner adjusting to higher profile this year
- Crosby, Malkin to miss start of Penguins camp
- Steelers notebook: Big Ben sees increase in throwing out of shotgun
- Alligator spotted at Cheswick shoreline