Alerus Center projects higher profits than Fargodome
Projected 2014 profits for the Alerus Center in Grand Forks are well over what the staff expected, and they’re higher than the expected profit at the nearest large event center in Fargo.
While the Fargodome budgeted for $76,245 in profit and is expecting nearly $322,000, the Alerus Center budgeted similarly for about $75,000 in profit and is expecting about $440,500 by the end of 2014, according to event center budgets.
The Alerus Center’s projected $440,500 profit is calculated by actual profits through April and budgeted amounts from May through the rest of the year, according to the center’s proposed 2015 budget.
Darryl Jorgenson, finance manager for the Alerus Center, said he’s not familiar enough with Fargo’s operations to compare the two. The Alerus Center doesn’t host as many big-name concerts as the Fargodome, but Jorgenson said most of the Alerus Center’s profits come from hosting conventions and meetings.
The city-owned event center in Grand Forks is budgeting for $151,301 in profits for 2015.
The Alerus Center’s top-attended events this year, through June, were:
- Class B Boys Basketball state tournament: 26,400 attendees
- UND Spring Commencement: 6,600
- Grand Forks Men’s Show: 5,206
- Home Design & Garden Show: 5,049
- Central and Red River high school graduations: 5,000
- Wiz Khalifa at UND Spring Jam: 4,802
- Monster trucks show: 4,756
- Easter Egg Scramble: 4,500
- Healthy Living Expo: 4,098