Youngstown looking to sell or lease The Covelli Centre - 21 News Now, More Local News for Youngstown, Ohio -

Youngstown looking to sell or lease The Covelli Centre

Updated:

YOUNGSTOWN, Ohio - The city of Youngstown is looking into a possible sale or lease of a popular downtown venue.

According to our print partner, The Vindicator, the city expects to hire a consulting firm next week to do an operational assessment of the Covelli Centre.

The center has never made enough money to cover the debt owed by the city since it was built in 2005.

Youngstown is paying about $920,000 this year for the center, about $335,000 to the loan it took out and over $500,000 in interest.

Powered by WorldNow
All content © Copyright 2000 - 2013 Worldnow and WFMJ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms