The Palladium concert hall has drawn sellout crowds and critical praise since its opening night in January.If the venue is doing well, selling an incredible 93% of tickets available, more popular than ever believed, then why would projections on the needed subsidy be so far off? Perhaps Mayor Brainard, as he is known to do, played fast and loose with the revenue and expense projections for the facility?
But it's not a financial success story -- not yet, anyway. The Palladium, the centerpiece of Carmel's $175 million Center for the Performing Arts, isn't close to breaking even.
The Palladium sold 93 percent of available tickets for its inaugural 24-concert series.
I have to give Mayor Brainard some credit. If this were Indianapolis, we taxpayers would have paid to build the Palladium and then we would have given away ownership and revenue of the building to private contractors.