Monetary Costs of the Minnesota Orchestra Lockout
Minneapolis Convention Center (city-owned)
The Convention Center has lost $485,000 in anticipated revenue from rental, food and beverage fees from Oct. 2012, when the lockout began, to April 7, 2013, the date through which concerts are currently cancelled. (Meet Minneapolis estimate.)
Lost revenue related to dining is estimated at $1.2 million and lost revenue for parking $275,000 through April 7. (Meet Minneapolis)
* Vincent’s – “revenue way down.”
* Brits’ Pub – “affected by the lock-out,” but won’t give figures.
String Instrument Shops
* Claire Givens Violin Shops reports $10,000 lost revenue this fall.
* House of Note reports less total revenue, and has subsidized instrument repairs by Orchestra members as well.
In 2012, 215,000 audience members bought tickets to the Minnesota Orchestra with at an average price of $28. If the Orchestra’s entire 2013 season were to be suspended, the loss in earned revenue to the Orchestra would be approximately $6 million. (Meet Minneapolis estimate)
Other Groups Impacted by the Lockout
* Minnesota Chorale – has lost 20% of its total revenue for 2012 -13.
* Orchestra Hall ushers – revenue lost through January: $18,000.
* Orchestra hall part-time staff – security guards, concessions and catering loss, cleaning crew, caterers (no estimate available).
* Orchestra Hall stagehands – reduced to half pay as of January 1.
* Free-lance musicians – revenue lost because they’re not hiring substitute musicians at the Orchestra. Also free-lance musicians’ income impacted by Orchestra musicians taking jobs at churches where they normally get hired.
* Twin Cities Musicians Union – 50 % of its revenue stream has been lost.
Public Money Lost
* State unemployment payments – $600,000 – $750,000 paid out to musicians thus far (estimate by musicians’ committee).
* State Income Taxes not collected – $180,000 lost to the state from lack of musicians’ income taxes (figure given by musicians’ committee).