Covelli Centre posts loss, but much less than expected

YOUNGSTOWN

The Covelli Centre had a $26,721 operating loss between April and June, but it’s considerably less than what the facility projected for the second quarter.

The center expected a $195,518 operating loss for those three months, but cut expenses – primarily its utility costs – and made some last-minute additions to its schedule to reduce that deficit, said Eric Ryan, its executive director.

The center was “able to book some shows and do things to lower their expenses to reduce their quarterly loss, and that bodes well for the rest of the year,” said Kyle Miasek, the city’s deputy finance director.

Overall, there were 16 events at the center between April and June, including near-sellout concerts by Lee Brice and Barry Manilow, both in April.

Read more about the centre's outlook in Saturday's Vindicator or on Vindy.com.