Albuquerque Journal (Albuquerque, NM)

Convention Expertise Could Reduce Subsidy.(Final)(Editorial)

EDITORIALS

The Convention Center was built with public funds in 1972, expanded in 1990 with another $55.6 million in public funds and coaxed along with a lodgers' tax increase. It loses more than $1 million a year, on average, in addition to requiring a general fund subsidy to cover debt service on the construction bonds.

The Convention Center isn't supposed to be a profit center for the city, but it shouldn't be hemorrhaging money either.

It ought to attract enough business to justify its operations budget and minimize subsidization, while bringing in plenty of free-spending convention-goers whose dollars boost the local economy.

Albuquerqueans have been waiting 30 years for that to happen. …

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