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Stafford Center reports revenue rebound, lists summer and fall bookings
Summary
Stafford Center management told the EDC the facility is $230,000 ahead of last year's year-to-date revenue through seven months and outlined upcoming events including comedy and tribute concerts, a bodybuilding competition, and a touring ballet.
Stafford Center leadership reported a revenue increase compared with the prior year and outlined a slate of upcoming events that center staff said drive hotel occupancy and restaurant activity in Stafford.
Why it matters: the Stafford Center is a civic facility whose bookings generate visitor spending and local sales-tax benefit. Management reported a year-to-date net operating profit through the first seven months of the fiscal year compared with a deficit at the same point last year.
Financials and upcoming events
The Stafford Center reported April revenue of $242,858 and said year-to-date revenue through seven months is approximately $230,000 higher than the same period last year. Management reported a net operating profit of about $137,000 year-to-date compared with a net operating deficit of about $105,000 at the same point the prior year.
Staff outlined upcoming center events that they said attract out-of-town visitors — the presentation listed a comedy performance of Romeo and Juliet (a comedy production) in the theater on Friday, a bodybuilding and fitness expo on June 28 that the center said draws out-of-town visitors, a July 12 Eagles tribute show, an August 15 performance by the Marshall Tucker Band (first time at the theater), and a November 9 Grand Kiev Ballet touring performance (Nutcracker interpretation).
Staff credited a mix of ticketed events and midweek business for the revenue increase and thanked the EDC for support. Board members praised Stafford Center staff and said the return of ticketed events is contributing to local economic impact.
Clarifying details
- April revenue reported: $242,858. - Year-to-date revenue increase vs. prior year: about $230,000. - Year-to-date net operating result: profit of about $137,000 versus a $105,000 deficit last year. - Upcoming bookings: summer and fall concerts, bodybuilding/fitness expo, and touring ballet.
Ending
Board members thanked center staff for the improved financial performance and said they look forward to continued visitor-driven programming that supports Stafford's hospitality businesses.
