BMO Harris Bradley Center loses nearly $2 million

 

December 12, 2014

   

MILWAUKEE The BMO Harris Bradley Center says it lost nearly $2 million in fiscal 2014, largely due to low attendance for the Milwaukee Bucks, a decrease in state grants and a mediocre concert season.

The Milwaukee Journal Sentinel reports (http://bit.ly/1siVsqb ) the loss was $3 million smaller than the previous year, but it helped bring the aging arena's debt to nearly $20 million. Operating revenue for the year that ended June 30 totaled $18 million, compared with nearly $21 million for fiscal 2013.

President and CEO Steve Costello says there's hope that a stronger Bucks franchise and an uptick in concerts will mean a better 2015.

The NBA wants the Bucks to get a new arena, but state Assembly leaders say it won't be easy to find public money for it.

 


Associated Press