Sammarone: City should consider selling Covelli Centre
YOUNGSTOWN — Mayor Charles Sammarone said the city should take a look at selling the Covelli Centre.
The facility has never made enough money to cover the debt owed on it by the city since it opened in October 2005.
Nearly all entertainment-and-sports facilities throughout the country don’t make enough money to cover all of its expenses, the mayor said.
Sammarone said today that he plans to have discussions with SMG, the center’s national consultant, to see if there would be any company interested in buying the facility.
The center made a $59,144 operating profit during the first three months of this year, Eric Ryan, its executive director, said today. It’s projected operating profit was $51,024 for the time between January and March.
The biggest success was a sold-out Miranda Lambert concert on Feb. 18, attended by about 6,000 people, Ryan said.
Also, the city received $37,017.52 in the first quarter from its 5.5 percent admission tax on tickets sold for center events.
For the complete story, read Friday’s Vindicator and Vindy.com