Fresno’s “Convention Center was hobbled with aging facilities, considerable bond debt and a City Hall whose own money woes put it in no mood to help,” the Fresno Bee writes.
“In promoters’ eyes … the Convention Center already had two strikes against it — an aging facility, and no shortage of alternative venues locally and in the Valley. Forcing promoters to shoulder all the risk, he says, convinced many to go elsewhere.”
More money — that’s talking promoters’ language.
“The co-promotion of selected events over a six-month period has produced more than $200,000 for city coffers. None of the 10 events was a money-loser, they say. The concert by Tool, an alternative-metal group, in March made more than $70,000 for the city.
“City officials once thought they would be lucky to make that kind of money in a year.”
Ten events over six months. Precisely the sort of activity Stockton’s arena wants. Would selective co-promotion work for Stockton’s arena, also managed by SMG? Is the city too risk-averse? Do other market factors apply up here?
Questions worth asking the city and SMG.