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Unique Public Private Partnership Leads to Embezzlement and Deficits

Chicago Daily Observer 18 December 2017 No Comment

From the Bloomington Pantagraph

Managers of Grossinger Motors Arena are asking the city for an infusion of cash to keep the city-owned facility’s books in the black.

adlai1

VenuWorks is requesting a cash transfer of $375,000 to help cover the operating deficit at the downtown venue, formerly known as U.S. Cellular Coliseum. Officials cite a lag in sponsorships, a lack of bookings and home hockey games and bad publicity over the previous management’s embezzlement allegations as some of the reasons for the arena’s lackluster financial performance.

 

image Bloomington’s own Vice President Adlai Stevenson, whose family owned the Bloomington Pantagraph

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