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Music City Center Reports Record-Breaking Fiscal Year
MUSIC CITY CENTER REPORTS RECORD-BREAKING FISCAL YEAR
FOR IMMEDIATE RELEASE
July 20, 2015
NASHVILLE, Tenn. - The Music City Center announced this morning that the building has generated over $390 million in economic impact during fiscal year 2015.
The Music City Center hosted 305 events with 676,060 attendees during fiscal year 2015 generating 389,696 room nights for a total of $392.2 million in economic impact. Since opening just over two years ago, the building has hosted 672 events with 1.3 million attendees generating over $645 million in direct economic impact. Tax collections continue to outperform expectations and the Music City Center portion of tax collections is up 21.67 percent year over year through April for fiscal year 2015. The Music City Center is also currently tracking to greatly exceed their budgeted operational bottom line projections and should close out the fiscal year with an excess of $45 million in reserves.
"This fiscal year has without a doubt exceeded our expectations," said Charles Starks, President/CEO of the Music City Center. "We are incredibly pleased with our attendance and economic impact numbers which can be attributed to several large groups we've had with us this year - groups that would have never been able to come to downtown Nashville without the Music City Center."