Date: May 17, 2006

CABARRUS ARENA & EVENTS CENTER MAY BREAK EVEN

The SMG-managed Cabarrus Arena and Events Center, Concord, N.C., is on target to break even this year, according to local newspaper reports. Frank Lapsley, manager for SMG there, said this will be the first time the venue has broken even since it opened in 2002. Combining operational and capital costs, the arena had a $2.3 million budget in fiscal year 2006. The Cabarrus Convention & Visitors Bureau also con...

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