The Fishers Event Center brought in $741,207 for the City of Fishers during its first four months of operation, ending April 30. That total, reported to the Town Hall Building Corporation on Monday afternoon, is 22% higher than originally forecast.
City officials receive $3 from every ticket sold at the venue, along with a share of revenue from parking and food and beverage sales. Event Center representatives cautioned, however, that summer tends to be a slower season for indoor facilities.
The number of events hosted also outpaced projections. The venue held 67 events during the four-month period—well above the anticipated 51—with total attendance reaching approximately 241,000, compared to the forecast of 202,000.
The Center’s adjusted net income came in just under $830,000, within 1% of the projected figure.
However, operating costs were higher than expected. Officials cited several contributing factors, including increased food, beverage, and security expenses. They added that efforts are underway to reduce labor costs associated with food and beverage operations going forward.