by: Scott McCaulley
It was a Good News/Bad News report from the Branson Convention Center that Branson Alderman heard at last week’s meeting.
The Good News is that the Convention came within $31,170 of breaking even, the closet it has come to doing so since the current management company, SMG, took over operation of the center in 2014. The Bad News is that SMG is projecting a potential $552,000 loss for this year.
Convention Center Director of Finance Brian Johnson in his report said that some cost cutting measures plus added revenue sources helped the bottom line in 2019 while in 2020, several of the bigger customers will not be returning to Branson due to rotating out to other sites among the reasons for the move. Johnson said he presented a worst case scenario to the Board and expects the loss not to be so high based on a new Director of Sales coming on board and looking for new Corporate Customers to replace the Events that are leaving.
Alderman did ask and Johnson did agree to bring some more specific information on some of the increase of costs.
The Alderman postponed passage of the Resolution to Approve the Budget until the next meeting in March.