A couple of weeks ago, I took a look at the financials of the Dallas Convention Center, prompted by Philip Jones’ announcement that he planned to borrow a quarter billion dollars in public money to expand the facility. To summarize, I discovered:
- The city of Dallas is currently subsidizing the facility to the tune of roughly $53 million per annum; and
- Three years and $500 million later, the construction of the adjacent convention center hotel hasn’t had any discernable impact on the convention center’s bottom line.
Today, I’m taking a look at the financial performance of the convention center hotel itself.Full Story