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TODAY: Commission to set up special fund for concerts

Posted: March 17, 2012 - 11:03pm  |  Updated: March 20, 2012 - 11:57am

Twitter @DonnieFetter

Columbia County officials might establish a special revenue fund today to pay upfront costs for concerts at Evans Towne Center Park.

State law requires such a fund, said county Finance Services Director Leanne Reece.

“It’s sort of the same as Water Utility,” she said. “Anytime we charge a user fee to provide a service, we’re supposed to account for that separately.”

Also, Reece said, the special fund lets officials better keep track of the park’s profitability.

“We want to be able to keep up with how much revenue we’re bringing in from ticket sales versus how much it is costing us to put on the concerts or events,” Reece said.

“We don’t want that money commingled with other monies.”

During a Management and Financial Services Committee meeting last week, commissioners approved the fund’s establishment as a consent item on Tuesday’s agenda. Typically, consent items receive approval.

Also, commissioners likely will loan the fund $100,000 from the general fund.

Reece called it seed money to pay concert promoters, who often demand some payment before booking a show.

Little Big Town, which is scheduled to perform with Josh Kelley on April 5 at the Lady Antebellum Pavilion, required an upfront payment of $20,000, Reece said.

As the special revenue fund grows, Reece said, officials will reimburse the general fund.

The item is listed on the consent agenda for tonight's commission meeting, which will be held at 6 p.m. in the auditorium of the Evans Government Center at 630 Ronald Reagan Drive.

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Comments (3)

Little Lamb

Upfront

Wow! if the upfront payment for Little Big Town is $20,000; what is the total payment going to be?!?

Barry Paschal

I don't know the total offhand...

...but I know that amount is peanuts. Big-name performers typically come with fees in the hundreds of thousands of dollars. Lady Antebellum waived its fee or the county never would have been able to afford them (at least, not with tickets priced at $20). The up-front money for these acts will get reimbursed with ticket sales (hopefully), so we shouldn't be out on a limb long.

I still wish they'd turn over the operation to a private management company, like Global Spectrum. Let them risk private money, and be rewarded (or punished) according to their success (or failure).

HarryT

A lot of people may think

A lot of people may think that the life of a touring musician is glamorous and also lucrative, but it’s anything but. The price of touring for a rock band or whatever is really fairly high and very few tours really make huge amounts of cash, except for the very top tier of artists. A short term loan will help you pay for your tour.

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