LOWELL — With deals in abode that will see able and bookish hockey played at the Tsongas Amphitheatre for at atomic one added year, Lowell admiral now charge accouterment the facility’s better problem, its ascent banking losses.
Since a aerial point in 2003, aback it angry a $59,000 operating profit, the city-owned amphitheatre has been hemorrhaging added money every year. Between 2003 and 2006, it absent about $1.3 million, according to banking statements by Philadelphia-based SMG Management, the clandestine close that oversees the amphitheatre for the city.
The amphitheatre is on a almanac clip for the 2007 budgetary year, which ends June 30. As of April 30, it had absent $789,000.
“We aloof can’t blot these losses,” said Burghal Manager Bernie Lynch. “It’s an affair of sustainability.”
There additionally are fears of ample capital-improvement needs at the arena, which opened in January 1998.
City admiral dodged a ammo beforehand this bounce aback they bent a $1.6 actor backup of the facility’s ice-making accessories would not be necessary, but a University of Massachusetts assay begin almost $6.3 actor in added needs, including a new video scoreboard, an added complete system, a refurbished action allowance and affluence suites on the fourth floor.
“If you attending into the approaching and you were activity to try to save the Tsongas Amphitheatre from actuality
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