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12-10-2012, 10:12 PM
  #36
Gallatin
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Join Date: Mar 2010
Location: Pittsburgh
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Quote:
Originally Posted by barneyg View Post
Very few posts in this thread actually claim the opposite. If you read the whole thread you'll see the Panthers aren't really the main topic even though they were the starting point.
Some data to consider.
I went through the Auditors Report of Arena Operations 1998-2008 for this facility a few weeks back. They did really well the first few years they were open, but from 2002-2008 they averaged less than 7mil profit per year.

That's with 10mil per year in Arena development bonds covered by local taxes.

It has commonly been reported the Panthers have lost on average 7.5 mil per season over the last 10 years....

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