WRAL marks the one year anniversary of the Raleigh Convention Center with this story that highlights the loss of $1,000,000 for the first year of operation.  That’s just operational side of the coin. Taxpayers also have to pay $11.5 million in debt service.

But not to worry, Mayor Meeker reassures us according to WRAL,

    that area taxpayers aren’t subsidizing the losses because the facility is funded through hotel and restaurant taxes.

Does he really believe that only out-of-town visitors eat in all the local restaurants? “You might be a progressive” if you believe that.

We don’t like to be an “I told you so,” but we did here.