J$30 million A Month Being Spent On Loss Making Montego Bay Convention Centre

The Montego Bay Convention Centre is a key venue for major events in the city of Montego Bay. However it continues to be a big loss making operation for the government.

The Jamaica Gleaner reported that;

General manager, UDC Desmond Malcolm, told Parliament’s Public Administration and Appropriations Committee Wednesday that the corporation continues to spend $30 million a month on the Montego Bay Convention Centre, which is still racking up losses.

Committee member Mikael Phillips expressed concern about the operation of the loss-making convention centre, arguing that it has been an “albatross around the neck of the UDC”, for sometime now.

However there has been some signs of improvement in revenues due to increased effort made to improve the fortunes of the centre

Onika Miller, permanent secretary in the Office of the Prime Minister said, in 2012-2013, the centre earned revenues of $63 million and the following financial year it improved to $101 million. In 2014-2014, the centre’s revenues jumped to $134 million. Miller attributed the improvement in earnings to more aggressive marketing, locally and overseas.

Hopefully there can be some turnaroud soon.

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