Thursday, August 18, 2011

SMG in the News: BOK Center rakes it in

From Tusla World:
The BOK Center posted a profit of nearly $1.6 million in its third fiscal year, financial reports obtained by the Tulsa World show.

The $1,581,571 profit is on par with the $1.6 million earned in the second fiscal year and exceeds the $1.1 million in net income during the inaugural fiscal year when the building was not open for two months.

The venue had budgeted a $200,475 profit margin for the fiscal year, which ran from July 1, 2010 to June 30.

"Going into last fiscal year, I felt like it was almost going to be impossible for us to come close to the number we did before," said BOK Center General Manager John Bolton, noting the continued sluggishness of the concert industry nationwide.

"We're ecstatic at what we achieved. Obviously, hosting the NCAA (men's basketball tournament) in March was a big boost for our year."
Read More