BOK Center increases profits

[rwarn17588]

Saw this today ... BOK Center actually increased its profits in the second year of operation.

http://www.tulsaworld.com/news/article.aspx?subjectid=350&articleid=20100725_11_A17_Rascal161162

Considering the poor economy and the novelty of the arena wearing off, that's a very impressive feat.

[Hoss]

Saw this today ... BOK Center actually increased its profits in the second year of operation.

http://www.tulsaworld.com/news/article.aspx?subjectid=350&articleid=20100725_11_A17_Rascal161162

Considering the poor economy and the novelty of the arena wearing off, that's a very impressive feat.

Unless you're some of those living in the 19th century in the comments section.

But yes, impressive feat indeed, considering that public houses like this after the novelty wears off tend to not make a profit (and aren't designed to do so directly).

[Conan71]

I'm sure there are those out there who think this is a bad thing or that its really not a profit. People its built, it's open, quit biznitching and enjoy it.

[Breadburner]

That are umpossible....Some of them sumbitches from Endron must be doin the books for that big wad of duct tape....

[TeeDub]

Math Question.... 

Since the TW article is throwing around all these numbers...

Financial performance: The BOK Center's newly completed financial report for its second fiscal year, which ran from July 1, 2009, to June 30, 2010, shows that it provided $2,764,909 in sales tax revenue for the city, county and state.

That's derived from $34,862,555 in purchases of tickets, T-shirts, concessions and other items.

Of the 8.517-cent sales tax rate collected in Tulsa, 3 cents go to the city, 1.017 cents go to Tulsa County and 4.5 cents go to the state.

34,862,555 x .08517 = $2,969,243.81     

So my question is...   How did they give away 2.6 million without paying sales taxes?

[Hoss]

Math Question....  

Since the TW article is throwing around all these numbers...

34,862,555 x .08517 = $2,969,243.81      

So my question is...   How did they give away 2.6 million without paying sales taxes?

Exemptions possibly?  Also, there are some items that aren't taxable...not sure if they sell any that aren't, but they do exist.  I don't believe programs and such are taxable items in the state of OK.

[zstyles]

Perhaps its the ticket processor, they use ticket.com i believe, its 25-50.00 per ticket for the (convenience fee for processing it) which is such BS. Go to the box office and the same ticket is about 3.00 for a service charge, I don't know why the city is letting them get away with highway robbery when trying to buy a ticket online via the website.

Bought tickets today for the expo square fee was 3.00 no matter if it was online or in person...why is the BOK center so high?

[nathanm]

Bought tickets today for the expo square fee was 3.00 no matter if it was online or in person...why is the BOK center so high?

Because TicketMaster isn't any cheaper, and you need distributors because they are useful to all the people who live far away but still come to shows here.

[zstyles]

I was just looking at the OP's questions: Millions going out of state for ticket convenience sales, can't a local company handle this and keep those millions here?

So what does Expo Use? Why is it so much cheaper?

Also wasn't there a local company a few years ago that had its own system and was owned in TULSA?

[Conan71]

I was just looking at the OP's questions: Millions going out of state for ticket convenience sales, can't a local company handle this and keep those millions here?

So what does Expo Use? Why is it so much cheaper?

Also wasn't there a local company a few years ago that had its own system and was owned in TULSA?

Carson Attractions I think is who you are talking about.  Not sure what happened to them, I think they got by-passed by the on-line revolution.

[Hoss]

Carson Attractions I think is who you are talking about.  Not sure what happened to them, I think they got by-passed by the on-line revolution.

Jeff Lund bought CA and kept them open for one year so the Oiler's would have 'ticketing continuity'.  He shuttered them when the CC decided it was better to have a national firm doing tickets (Tickets.com).  Blame the CC Mgmt.  SMG was not a player by that time.

http://www.tulsaworld.com/news/article.aspx?articleID=071009_1_A13_spanc72170

[zstyles]

So perhaps it isn't Ticket.Com charging this, just went online: No explanation what the convenience fee is for.

Ticket Price:   $67.75
Convenience Fees:   $22.90   
Order Processing:  $3.75   
   SubTotal: $94.40

[Conan71]

The convenience fee is someone's profit for selling you the ticket.  What show was that for? 

[zstyles]

I just randomly picked John Mayer's show..Club Seats..

Tom Petty (Side View Tickets)
Ticket Cost: 117.65
Convenience Fees:   $14.75   
Order Processing:  $3.75   
   SubTotal: $136.25       

[dbacks fan]

Tom Petty and ZZ Top At US Airways Center from Ticketmaster:

Tom Petty and the Heartbreakers and ZZ Top
US Airways Center, Phoenix, AZ
Sun, Sep 26, 2010 07:30 PM

Section
Row
Seats
Description H
4
4
Price Level 1
FLOOR LEVEL
RESERVED SEATING TypeFull Price AdultTicket PriceUS $125.00 x 1
Price Details Facility ChargeUS $4.75 x 1
Convenience ChargeUS $8.50 x 1
SUBTOTALUS $138.25

John Mayer (thought he was boycotting AZ)

John Mayer with Owl City
Cricket Wireless Pavilion, Phoenix, AZ
Wed, Aug 18, 2010 07:00 PM

Section
Row
Seats
Description 102
N
20
Price Level 1
Paperless Ticket. Delivery method cannot be changed.
TypeFULL PRICE ADULT
Ticket PriceUS $69.50 x 1  
Price Details Convenience ChargeUS $15.00 x 1
SUBTOTALUS $84.50

Sound like the ticketing company there is taking advantage.