MUSIC CITY CENTER HAS UNPRECEDENTED FISCAL YEAR 2015
Music City Center operating revenues greatly exceed projections in second fiscal year
NASHVILLE, Tenn. – The Convention Center Authority announced this morning that the preliminary operating results of the Music City Center for fiscal year 2015 show operating revenues of over $32.5 million and expenses of $30.9 million, which greatly exceed the budgeted operational projections. The Music City Center currently has over $45 million in reserves.
“Convention centers commonly operate at a deficit so the fact that our operating revenues exceeded expenses in our second year is a true testament to how incredibly well not only the MCC has performed this year, but the entire convention market in Nashville,” said Charles Starks, President/CEO of the Music City Center. “Our team has done an incredible job these first two years of operation and we are excited to see what the future holds.”
The Convention Center Authority also announced that the Music City Center spent 48.18 percent during fiscal year 2015 with minority, women-owned and small businesses. Additionally, the Music City Center’s contractors, LMG and Centerplate, spent a combined $1.6 million with DBE firms.
About the Music City Center
The Music City Center, Nashville’s new convention center features a 353,143 square foot exhibit hall, a 57,500 square foot Grand Ballroom, and an 18,000 square foot Davidson Ballroom. The building includes an art collection featuring local and regional artists, a covered three-level parking garage with 1,800 spaces, and is LEED Gold certified. The Nashville Songwriter’s Hall of Fame is also located inside the Music City Center at the corner of 6th Avenue and Demonbreun