The Cobb Galleria and Cobb Energy Performing Arts Centre released its annual report this week, and business for both is back in full swing.
For the first time since 2019, both venues were financially in the black.
That was made possible due to the full return of live entertainment and events at two of Cobb’s largest and busiest destinations. The Galleria hosted 187 events, up from less than 100 events in its previous fiscal year.
Approximately 229,000 people visited the venue.
CEPAC, meanwhile, held 178 events and brought in 180,000 guests after hosting next to no events during the depths of the pandemic.
The Galleria posted an operating profit of just shy of $2 million, while the Galleria hit $3.53 million, the latter topping its 2019 numbers by roughly $750,000.
Both venues operated at a loss during fiscal year 2021.
“The performing arts center has accomplished its ambitious goal of bringing arts and entertainment events that wouldn’t otherwise be presented to local audiences and lifting up its resident companies — the Atlanta Ballet, The Atlanta Opera and ArtsBridge Foundation,” said Michele Swann, general manager and CEO of the Cobb-Marietta Coliseum and Exhibit Hall Authority, which oversees both venues.
The authority also boasted its best sales tax proceeds since before the pandemic. After generating about $1.7 million last year, the authority reported its venues generated $7.5 million in revenue from sales, liquor, hotel-motel and other taxes.
“This year was worthy of a celebration as we continued to build momentum and return to the new normal,” said Jerry Nix, chairman of the authority’s board. “The Cobb Galleria Centre strengthened its recovery with a robust events calendar, and the Cobb Energy Performing Arts Centre enjoyed a year of near-record occupancy.”
The full annual report can be viewed at cobbgalleria.com/about-us/annual-report.
Ensure your press release runs prominently on our website and in our E-mail Newsletter. Guaranteed placement on these platforms is $25.
Note: All submissions will go through our editorial approval process before being posted.
Please disable your ad blocker, whitelist our site, or purchase a subscription
Check your email for details.
Submitting this form below will send a message to your email with a link to change your password.
An email message containing instructions on how to reset your password has been sent to the e-mail address listed on your account.
Thank you. Your purchase was successful.
A receipt was sent to your email.