The Andorfer Group specializes in real estate in the Durham, Raleigh, and Chapel Hill and other areas of North Carolina.

Saturday, September 17, 2011

Durham's Newest Entertainment Center - DPAC

Great article published by Duke University's "The Chronicle"...

DPAC brings $1.02 million to Durham

Although profits dipped slightly, the Durham Performing Arts Center is still a source of revenue and recognition for the Bull City.
DPAC earned $1.02 million for the city of Durham in the latest fiscal year, according to a preliminary financial statement issued by the city. As a premier theater venue, DPAC hosts more than 150 events per year and made a total of $2.5 million last year—40 percent of which went to Durham. Although Durham owns the facility, PFM/Nederlander serves as its management company. The 2009-2010 fiscal year yielded a profit of $2.9 million for the theater, slightly greater than the 2010-2011 fiscal year.

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