Federal Shuttered Venue Operators Grants totaling about $3.04 million will offset 2020 and 2021 deficits, according to the city.
The Fraze has built up a fund balance that supports its operations and it has not had a transfer from the city’s general fund since 2006, Schwieterman said.
The shuttered venue money “restored our fund balance that was reduced significantly” since the pandemic, he added.
The city annually targets an operating loss of about $300,000 for the Fraze, documents show.
This year the venue hosted 16 ticketed concerts, fewer than half of 2019′s 35. The Fraze had 22 events this season compared to 48 two years ago.
However, concert tickets sold this past season was 43,092, a higher average per show (2,693) than 2019. That year the Fraze sold 79,631 for an average of 2,275 per event, according to records.