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Arena manager says new Portland ticket fee could hurt bookings as county absorbs past losses
Summary
Cross Insurance Arena general manager Mike Locanti told the finance committee the arena is forecasting a roughly $100,000 loss this year but has improved operations and food revenues; he warned that a proposed 2% Portland entertainment fee could make promoters reluctant to book shows here.
Mike Locanti, general manager of the Cross Insurance Arena, told the Cumberland County Finance Committee on Jan. 27 that the arena has made operational strides and increased per-capita food-and-beverage revenues, but still faces a tight year and external policy risk from a proposed City of Portland entertainment fee.
Locanti said the arena has improved concessions, gone cashless and added grab-and-go offerings after recent investments (he cited about $20,000 in infrastructure for new concessions). He said hockey and improved food sales have raised per-capita spending from about $15 to $17, which…
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