DeVos Place Arena Trade Dollars
GRAND RAPIDS — DeVos Place lost $59,034 in August, pushing the convention center's deficit to $262,344 for the first two months of the fiscal year.
The August loss, though, was roughly half of what was expected in what is normally a slow month for convention business.
In contrast, Van Andel Arena had a surplus in August that was nearly identical to the convention center's shortfall. The arena earned $59,657 for the month on just three events, and that figure took the building into the black for the fiscal year with a two-month total of $25,724. August is also a traditionally slow month for the arena.
Van Andel Arena has been projected to have a surplus of $1.46 million for the fiscal year, and that revenue will be used to cover the