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Staff weigh options to make Venue 1842 revenue neutral amid parking and flood‑plain limits
Summary
City staff told meeting participants they are analyzing ways to make Venue 1842 revenue neutral, citing limited on‑site parking, flood‑plain restrictions and an upcoming general‑fund debt payment tied to the venue.
City staff in Farmers Branch told meeting participants they are conducting a financial analysis to make Venue 1842 “revenue neutral,” and have not recommended formal action pending further study.
The analysis is intended to offset a general‑fund debt payment associated with the venue, staff said. “I’m going back and assessing some of the revenues and the expenses … to see if they wanna reduce city events and have more actual paid sponsorships since there is a general fund debt payment due to it,” said Phillips Barrick, Director of Economic Development, Tourism and Planning.
Barrick described physical constraints that…
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