RCC

Click here to view and here to listen to Dr. Michael Sanera discussing this Regional Brief. RALEIGH — The Raleigh Convention Center continues to rely on deep discounts…

This report examines 52 contracts signed by the Raleigh Convention Center for the period of July–December 2011 and is a follow-up to the September 2008 John Locke Foundation report “The New Raleigh Convention Center: A taxpayer-funded money pit.”

RALEIGH — Raleigh’s new downtown convention center already has offered almost $2.3 million in room rental discounts to secure convention business, including an average 58 percent discount for events scheduled…

Although many Raleigh and Wake County taxpayers do not realize it, city and county officials knew from the beginning that the new Raleigh Convention Center would require taxpayers to pay for large operational losses and even pay large subsidies to organizations to use the facility. Even before the doors open on September 5, the losses and subsidies have begun to mount.