Tanger Center is a ‘money maker’ for the city of Greensboro [Video]

THE HOBBIT TRILOGIES. BACK HERE IN THE TRIAD, LEADERS AT THE TANGER CENTER SAY THE VENUE IS A MONEY MAKER. IT OPENED THREE YEARS AGO AFTER THE PANDEMIC DELAYED THE OPENING FOR MORE THAN 500 DAYS. BILL O’NEIL JOINS US NOW IN GREENSBORO WITH THE STORY. NO SURPRISE THAT TANGER IS SUCCESSFUL, BUT TODAY, FOR THE FIRST TIME, WE LEARNED THAT NOT ONLY IS THE DOWNTOWN COMMUNITY MAKING MONEY OFF OF THIS VENUE, SO IS THE CITY WE’VE HAD OVER A MILLION PEOPLE ATTEND EVENTS HERE IN JUST THAT, THREE SEASONS THAT WE’VE HAD SO MANY VISITORS THAT RETIRING DIRECTOR MATT BROWN SAYS TANGER IS REPLACING THE CARPET AT THE POPULAR GREENSBORO VENUE. THE MUSICAL PERFORMANCES, COMEDY SHOWS AND BROADWAY THEATER COMBINED TO GIVE THE CITY A SURPLUS THREE CONSECUTIVE YEARS, WITH REVENUES EXCEEDING OPERATING EXPENSES BY OVER $1 MILLION. BROWN REPORTS A $1.1 MILLION PROFIT IN THE FIRST YEAR, …