Sun
Nov 11 2007
10:58 pm
East Tennessee's Largest Wedding Chapel
By: Brian A.

If present trends continue, the Knoxville Convention Center may someday have a break-even year!

Topics:
bizgrrl's picture

Great headline. Wish the KNS

Submitted by bizgrrl on Mon, 2007/11/12 - 8:33am.

Great headline.

Wish the KNS could get their headline correct, i.e. AAAU vs. AAU in the article text.

Never understood why this city cannot work something out with the nice hotel right next to the convention center.

Still, Haslam notes the facility is handicapped without an adjoining hotel, a problem he inherited from former Mayor Victor Ashe.

"My overall summary is we are constrained by the hotel situation," he said.

When it opened in 2002, the city of Knoxville spent nearly $160 million to build the center, upgrade the surrounding World's Fair Park and erect the 11th Street parking garage to the rear of the center.

Efforts to acquire the Holiday Inn next door, which would have been the anchor hotel, failed.

Is it so bad to work with this businessman who has endured and withstood the good times and bad to maintain a decent hotel (AAA 3 diamond) next to the convention center and on the "fair site" ?

R. Neal's picture

I didn't understand the part

Submitted by R. Neal on Mon, 2007/11/12 - 8:46am.

I didn't understand the part about reducing its annual debt from $3 million to $1 million. What is "annual debt"? Or was that supposed to mean "operating deficit"?

Pam Strickland's picture

confusing

Submitted by Pam Strickland on Mon, 2007/11/12 - 9:33am.

Frankly, there was a lot about it that was confusing to me. It felts as if the story was written upside down and backwards.

Pam Strickland

"We are what we pretend to be, so we must be careful about what we pretend to be." ~Kurt Vonnegut

rocketsquirrel's picture

1.1 million

Submitted by rocketsquirrel on Mon, 2007/11/12 - 10:16am.

How does a $1.1 million loss equate to breaking even?

Brian A.'s picture

Yes

Submitted by Brian A. on Mon, 2007/11/12 - 12:06pm.

One of the headings says, "Breaking even." Only the article doesn't say when it is projected to "break even." The only concrete trend the article seems to identify is that the convention center is hosting more weddings.

Brian A.
I'd rather be cycling.

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