Dec 22, 2014

BMO Harris Bradley Center Releases 2014 Financial Statements

MILWAUKEE, Wis. – Steve Costello, president and CEO of the BMO Harris Bradley Center, today released the following statement regarding the Center’s financial statements for fiscal 2014:

“The BMO Harris Bradley Center continues to maintain a stable fiscal position, but it’s an ongoing struggle that continues to be more and more difficult.

“Our building has an important role and significant economic impact in metro Milwaukee, and its continued operation over the next three to four years is critical to the region. Even as public discussion of a new arena moves forward, there is a community obligation to maintain the Center for as long as necessary. Our annual fiscal report confirms that even with our conservative approach and much-appreciated support from the State, the City and the Champions of the Community, we face extremely limited resources. We will need continued support in the years ahead.

“We’ve been able to do many good things over the past year, including repairing the exterior grounds, fixing some mechanical and IT systems, improving food and beverage services and maintaining our public spaces. While the last fiscal year was not our best because of a decrease in attendance, less spending at events and a mediocre concert season, we expect the year ahead to show some turnaround with a strong concert lineup and fan excitement surrounding the ‘new’ Milwaukee Bucks. However, the age of the building, its smaller size and lack of fan amenities, as well as the uncertainty surrounding its future, are ever-present. We remain focused on our goal of creating an unmatched fan experience and keeping this building as a viable economic engine and job creator for metro Milwaukee until the community makes its decisions about a new arena and the Center’s future.”