1.21.2015

Albany venue doubles profit in 2014

ALBANY>> Albany County officials have announced that the Times Union Center, which is
managed by SMG, ended 2014 with a Net Operating Profit of  $1,002,042 - almost
double 2013’s Net Operating profits.
The Times Union Center hosted great concerts in 2014 including Paul McCartney, Justin
Timberlake, Bruno Mars, Rod Stewart, Santana, Darius Rucker, Hunter Hayes, Trans Siberian
Orchestra, Kanye West, Bruce Springsteen, Demi Lovato, and a number of electric dance music
events including Pretty Lights, Life in Color and Foam-n-Glow. Outstanding family shows
included the Ringing Bros and Barnum & Bailey Circus, Disney on Ice, Spirit of America,
Cirque du Soleil and the Harlem Globetrotters. High flying motorcycles raced at the Kicker
Arenacross, the most exciting 8 seconds in sports took place at the Professional Bull Riding and
the Monster Truck Jam thrilled young and old. The NY State Public High School Wrestling
Championships, Section II Boy’s Basketball and the NY State Federation Basketball Tournament
of Champions brought in great high school sports, and Union and RPI brought their rivalry on
ice to the arena again with a new favorite at the Mayor's Cup. The Albany Auto Show and The
Great Northeast Home Show drew big crowds. Professional wrestling with WWE thrilled their
fans and, the Albany Devils hockey team and Siena College Men’s Basketball packed in fans. 
“The Times Union Center has really had constant momentum this year and continues to attract
shows and events that fans love.  From Charlie Daniels to Sir Paul McCartney, the concerts have
been incredible. SMG, General Manager Bob Belber and his staff should be commended for their
hard work bringing some very huge  names to Albany, ” stated Albany County Executive Daniel McCoy in a press release.
"Times Union Center had an incredibly powerful year that once again could not be done without
the support of the Capital Region," said Bob Belber, SMG Regional General Manager of Times
Union Center in a press release.  "We would like to thank the patrons that attended our events, the companies that sponsor our building and the suite holders who lease suites annually.   In addition to the exciting sporting events, the wide variety of trade shows, our annual family shows and some of the biggest artists in the business, the arena staff worked diligently to cut expenses and maximize
revenues.  It is all of these elements that help us make a profit. We had an exceptional 2014 and
look forward to an even better 2015. "
Times Union Center implemented a number of cost saving measures to help keep expenses down
in 2014. During the summer months, the TU Center staff worked four day work weeks (10 hours
per day) , which enabled the facility to shut down air conditioning systems Thursday nights thru
Monday mornings. Utility savings exceeded $100K using this measure.
In 2014, 141 events were held at the Times Union Center, with attendance numbers reaching
512,254, both considerable higher from the previous year.
Times Union Center also celebrates a very exciting 25th Anniversary on January 30, 2015. 
In the 25 years the arena has been operating 3,856 events have taken place, over 17 million
people have walked through its doors and Albany County has received a net income of
$21,624,094. 
Times Union Center continues to be a vital part of the downtown Albany revitalization process. 
The success of local restaurants, bars and other businesses hinge heavily on the ability of the
arena to book events that Capital Region residents can look forward to attending. In the coming
months, Times Union Center fans can look forward to the New York State Public High School
Athletic Association Wrestling Championships, The Harlem Globetrotters, The Mayor’s Cup
(Union vs RPI hockey), The Albany Auto Show, Eric Church, Kenny Chesney, The Metro
Atlantic Athletic Conference, NCAA Division 1 Women’s Basketball East Regional, and the
conclusion of the Siena College Men’s Basketball and Albany Devils Hockey seasons. Many
more events are being worked on currently and big announcements will take place in the coming
weeks.  A full schedule of events can be found by visiting  www.timesunioncenter-
albany.com.

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