Thanks to various delays and lower-than-expected demand, Artisphere will fall well short of its initially projected ticket and admission revenue for FY 2011.
In a presentation to the county board yesterday, county staff revealed that Artisphere admission and ticket income is projected at $174,202 for the financial year ending on June 30, 75 percent below the $789,912 in revenue that planners expected.
The shortfall was first reported in the Sun Gazette Editor’s Notebook blog.
Located in Rosslyn, Artisphere opened on Oct. 10 as the county’s premier arts and entertainment venue. The county originally expected Artisphere would attract 250,000 annual visitors. Since opening, it has attracted 48,169 visitors.
Artisphere’s online ticketing service didn’t launch until January and its restaurant is only expected to open next week — two factors that staff says has negatively impacted revenue and attendance figures.
Due to the ticket and admission discrepancy and other revenue shortfalls, Artisphere will fall $809,477 short of meeting its budget goals this year. With staff not recommending any spending cuts at Artishere, the shortfall will likely be paid by Arlington County taxpayers. The county had already allocated more than $700,000 in funding for Artisphere during FY 2011, while the Rosslyn Business Improvement Corporation allocated more than $600,000.
For FY 2012, staff is projecting that admission and ticketing revenue will fall $455,000 short of original expectations, while expenses will be $462,000 higher than expectations. One bright spot is fundraising, which is now expected to come in at $200,000 above projections. All told, staff expects Artisphere will need another $791,1356 in taxpayer support above and beyond the County Manager’s proposed FY 2012 budget.
County spokeswoman Diana Sun says Artisphere’s budget situation “has everyone’s attention.”
“Artisphere is an important part of the revitalization of Rosslyn,” Sun said. “The County Manager has asked for a revised business plan for Artisphere by summer.”
Just Reduced includes a 5 BD/5.5 BA brick home with an elevator, 10 ft ceilings and hardwood floors.
Good Tuesday evening, Arlington. Today we published articles that were read a total of 42526 times… so far. 📈 Top stories The following are the most-read articles for today —…
Two local chefs have been named semifinalists for a prestigious James Beard award.
The Ballston and East Falls Church Metro stations are among those set to be impacted by a multi-week closure starting in June.
Need help dealing with anxiety, depression or stress?
If you’re struggling to cope with anxiety, depression or stress, our virtual psychotherapy services can help. We offer a confidential and convenient service that’s tailored to your needs.
In our practice, cognitive behavioral therapy (or CBT) is an important tool we use to provide effective relief for those facing anxiety and depression. We believe that cognitive change can be used to improve behaviors and emotions, thus allowing you to achieve mental wellness. By understanding the cognitive distortions that lead to negative thought patterns, we are able to create interventions tailored to each of our clients. This empowering approach can help you gain control of how your own thoughts, beliefs, and behaviors impact your experience. With CBT, our service provides an effective treatment that can bring long-term change and mental stability.
Book a free consultation today and see how we can help you live a happier and healthier life.
St. Charles offers a play-based curriculum in a welcoming, Christ-centered environment.
Our program focuses on socio-emotional development and kindergarten readiness through hands-on and engaging activities. Our programs offer different schedules ranging from 7:30 am-5:30 pm for students, ages 2-5. We feature a full-day Jr. kindergarten class for older 4’s/5’s. Our facility includes a full-sized gymnasium, school chapel, and library. All of our students enjoy music and physical education weekly. Children have an opportunity to participate in enrichment classes such as soccer, basketball, ballet, and science.
We offer Summer Camp with weekly themes and twice a week water play, including Fun Friday moon bounce. Please join us for our Open House Feb. 3 at 9:30 am and 11:00 am. Click here to sign-up.
For more information or to schedule a tour, visit us at www.stcharlesarlington.org or call (703) 527-0608.
Just in time for Valentine’s Day, join us for a series of vignettes that revolve around the theme of love. Taking place in an almost-town called Almost, Maine, we will show you different, but important, facet of love in each