Omaha’s TD Ameritrade Park turned in strong financial numbers during fiscal year 2017-18, according to a new report from the agency that manages the ballpark.
Home to the annual College World Series, TD Ameritrade Park is located in downtown Omaha and is managed by the Metropolitan Entertainment & Convention Authority (MECA). MECA, which also manages the nearby CHI Health Center Omaha, released its 2017-18 financial report on Tuesday, and it showed that both facilities brought in solid profits during the fiscal year.
For TD Ameritrade Park, the included a reported $7.2 million profit from the College World Series and other events staged at the ballpark. More from the Omaha World-Herald:
Overall, [Chief Financial Officer DeAnn] Olsen said, MECA had a “great year,” with profit up 14 percent at CHI Health Center and 38 percent at TD Ameritrade Park.
Not considering the impact from the tax changes, profit was up 2 percent at the arena and convention center, and up 16 percent at the ballpark. MECA reports profits before depreciation….
The ballpark’s financials are considered separately from CHI Health Center’s. The ballpark brought in $16 million in revenue in 2017-18. That was offset by about $8.8 million in expenses.
The College World Series and other events there brought MECA a $7.2 million profit. MECA’s portion of those profits are divided among several entities, including the city, NCAA and CWS. MECA gets a management fee.
The report covered the fiscal year the concluded on June 30. Along with its use for the College World Series, TD Ameritrade Park is also utilized by Creighton University baseball. This summer, it will host the first Major League Baseball regular-season game to be played in Nebraska, as the Detroit Tigers and Kansas City Royals will meet there on June 13, two days before the College World Series begins.
Image courtesy TD Ameritrade Park Omaha.