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Orange County Convention Center hammered by $5.6 million deficit

Plagued by money woes, the Orange County Convention Center needs to plug a $5.6 million deficit, its biggest in five years.

The Orlando-area venue is now operating at an “all hands on deck” momentum in looking for ways to raise revenue and lower operating costs.

According to a recent report released to local officials, center revenue was down 28 percent while expenses were up 5.7 percent.

The deficit may be due in part to the center not hosting several key shows in 2014.

Convention center officials remain optimistic, stating the current deficit is smaller than the $6.8 million originally projected.

The added the numbers do not account for groups that came after the books were closed for February 2014.

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Posted in Southeast News, World
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