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The board approved a $168,566 annual incentive. January operations included 13 events and $180,477 in gross revenue, but winter storms, two cancellations, emergency HVAC problems, and roof leaks contributed to a $103,888 monthly net loss.
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The incentive was approved as part of the authority’s FY25 performance process. Despite January’s loss, the financial report showed a projected FY26 net loss of $375,737, which was $79,465 better than budget. The board also discussed the need for a much larger convention center and another major hotel, but took no action on that proposal.
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