Wed November 7, 2012
Calculating Profit and Loss at Fourth Street Live
After receiving roughly $30 million in public subsidies, and after nearly a decade in business, Fourth Street Live hasn't turned enough of a profit to pay Metro Government any dividends. The entertainment district is run by The Cordish Companies, a Baltimore-based developer. But by their calculations and accounting practices, Fourth Street Live isn't profitable -- at least not to the city per se.
Business writer Chris Otts wrote about the financials recently for the Courier-Journal, and he joined us on the most recent Byline to explain.