City coffers swelled by $1.8 million thanks to another profitable year for DPAC. The theater netted $4.5 million from July 2011-June 2012.
The city owns the facility, which is managed by PFM/Nederlander, operators of the performing arts and entertainment facilities in America and worldwide.
The city gets 40 percent of all DPAC profits as part of its agreement with PFM/Nederlander. The income will go into the city’s DPAC Fund, used for debt service, maintenance, building improvements and other possible revenue shortfalls, including naming rights and hotel/motel occupancy tax.
