Third fiscal year, third straight deficit for Chevy Centre

YOUNGSTOWN —The city-owned Chevrolet Centre ended its third fiscal year with its third straight deficit.

This time, the deficit for October 2007 to this past September is $31,506.

But the deficit doesn’t tell the entire story of the center, said Kyle Miasek, the city’s deputy finance director and its pointman on the facility.

International Coliseums Co., the Tempe, Ariz., company that managed the center for its first two years, received about $91,000 in commissions on its way out the door in October 2007, Miasek said. The commissions were for sales of sponsorship rights and rentals of luxury suites and club seats for this fiscal year, he said.

Without those payments, the center would have turned a modest profit of about $60,000, he said.

For the complete story, read Saturday’s Vindicator or Vindy.com