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Convention Center posts improved pacing; Baker Tilly updates CIB cash flow
Summary
Convention Center staff reported increased event bookings and parking revenue for February and previewed new small self-produced events; Baker Tilly reported a February cash balance near $4.7 million, noted an $89,000 USI insurance expense, and recommended adding $100,000 for brick-and-tuck work to the capital line.
Convention Center staff reported steady sales and stronger pacing relative to last year, and Baker Tilly reviewed short-term cash-flow details for the Vigo County CIB.
Convention Center staff (Convention Center Manager (S8)) said February included 13 events totaling about 13 days, roughly 1,500 attendees, and approximately $109,000 in gross revenue from events and parking. The center reported 21 definite events totaling about $117,000, 53 tentative leads with potential revenue of roughly…
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