If it can break even until the end of the year, Grand Forks’ Alerus Center could post a nearly $500,000 profit.
“The football games are the single biggest factor for the remainder of this year,” Finance Manager Darryl Jorgenson said.
The loss or gain of other events also could affect the projected profit, according to Executive Director Cheryl Swanson.
This year’s profit won’t be the biggest one in the city-owned event center’s history. That came last year when the Alerus was $954,000 in the black.
That profit is the result of the Alerus hosting some large events that rotate through the facility every few years, such as the state Democratic Convention, according to Swanson.
While this year’s numbers may sound good, Swanson said she is wary of judging the center’s success based solely on its financial performance.
“I’m hesitant to focus on the financial success because the Alerus Center does so much for the community,” she said, citing the economic impact the facility’s events have on local businesses and entertainment opportunities it provides.
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