Times Union Center profits jump 95%
The Times Union Center, in downtown Albany, N.Y., has earned the second-highest operating profits in its 20-year history, county officials said Monday.
The sports and entertainment arena posted a profit of $1.76 million in 2009. Profits jumped 95 percent from 2008 levels, despite the recession.
“We’re very favorably surprised with the outcome,” said Bob Belber, general manager of the facility. “Attendance was up almost across the board.”
Last year, the arena held 158 events, an increase of 12 events, or 8 percent, from 2008. Attendance in 2009 totaled 682,154 people—a rise of 16 percent.
Popularity: 1%