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City staff and operator outline Fort/ Ford Wyoming Center finances; officials discuss investments and naming-rights revenue
Summary
City staff and the Ford Wyoming Center operator reviewed a pro forma showing a recurring net operating loss that the city subsidizes; officials said the center generates large local economic impact while recommending investments in concessions, talent booking, infrastructure and naming-rights negotiations to reduce the subsidy.
City staff and the Fort Wyoming Center operator presented a pro forma review to Casper City Council on June 24 showing the facility operates with a recurring net operating loss that the city supplements while the venue produces a large local economic impact.
Carter (city staff) explained the model and said the city’s annual operating benchmark had been set near the average loss in the three years before the city transitioned operations to a private operator. He described the chart showing a prior peak in losses during that transition, a period of stabilization under private operator management, and a current goal of moving the operating results to a break-even point…
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