Covelli Centre posts second quarter loss

The Covelli Centre posted a profit loss in the second quarter of 2015

YOUNGSTOWN, Ohio (WYTV) – It was a sluggish second quarter for the Covelli Centre in downtown Youngstown.

Managers of the arena said they posted a loss of nearly $86,000 for the three-month period ending June 30. While that figure represents the worst quarter since 2007, it was better than the projected loss of more than $137,000.

So far this year, thanks to a stronger than expected first quarter, the Center is showing an operational profit of about $175,000.

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