Concerts return to Red Rocks after revenue plunged 96 percen

Concerts return to Red Rocks after revenue plunged 96 percent in 2020


Concerts return to Red Rocks after revenue plunged 96 percent in 2020
Red Rocks Amphitheatre was among the hardest hit venues when the pandemic struck.
The city-owned outdoor concert hall in Morrison had revenue of about $2 million in 2020, according to a city spokesman, down 96 percent from the previous year.
“The total loss of revenue? Well the 2019 number was $52 million,” said Brian Kitts, spokesman for the city’s Arts and Venues Department. “That’s at Red Rocks alone.”
And while Red Rocks is starting to see more activity, the current capacity restrictions have prompted the city to alter how it charges acts.
Arts and Venues is a special revenue fund, which means the department essentially operates in its own little bubble inside city government. Special revenue funds are self-sustaining; they don’t draw money from the general fund or the mayor’s budget, but are funded out of their own intake. Denver Golf is another prominent special revenue fund in the city.

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