The financial outlook at the convention center, unveiled at the GWCCA's monthly meeting Tuesday, showed a mixture of rising expenses and falling revenue. Catering revenue is expected to fall $1.04 million; exhibit hall rental expected to be down $1.1 million; and utility service -- the money conventions pay the GWCC for power -- will decrease $1.8 million.
Expenses, however, will rise $712,000, including a 3 percent raise for employees.
The Georgia Dome is expected to fare much better, with or without the Atlanta Falcons as its lead tenant. In an effort to assess the impact of the Falcons, the GWCCA released a fiscal 2012 Dome budget that shows a profit of $14.3 million with the team playing at the Dome and $8.2 million if the team were to play somewhere else.
The Falcons and the GWCCA are in negotiations about the team's future. The parties are considering the construction of a new stadium at the GWCCA's marshaling field a few blocks from the Dome, or to expand the Dome. If they choose a new stadium, the Falcons could play there as early as 2017.
The Dome's other tenants include the Chick-fil-A Bowl and the Chick-fil-A Kickoff Game. The building often hosts or has hosted the SEC football championship, NCAA men's Final Four and SEC and ACC basketball championships.