YOUNGSTOWN, Ohio (WKBN) – Big name acts pulled the Covelli Centre up to a record-breaking profit this year, with the facility sending more than $700,000 back to the city of Youngstown for the 2014 season.
“I never would have imagined that we would be where we are today, seven years ago. Typically, arena across the country do not make money operationally,” JAC Managment Group owner Eric Ryan said.
A mix of ticket revenue, event taxes and concession sales boosted the center’s profits. Big names like Darius Rucker, Elton John and Brad Paisley are bringing in music fans.
The management company knows what it takes to put together a year that means profit, and not a loss, for the city.
“We have really been able to attract shows that normally would not come to this size arena,” Ryan said.
But beyond his talent for booking profitable shows, Ryan said watching expenses also helped the Covelli Centre’s bottom line.
Having the arena draw national acts also is making a difference in the entire county.
“Having these wonderful events at the Covelli Centre helps us tremendously to promote all the other great things going on here in Mahoning County.” Linda McHala of the Mahoning County Convention and Visitors Bureau said.
McHala said the center also is drawing people in to the downtown district.
“It’s just building awareness and bringing more people from the region to our area,” she said.
Ryan’s management company was hired to replicate the success of The Covelli Centre for the Packard Music Hall in Warren.
“Our job is to make both facilities as vibrant and as active as possible,” Ryan said.