JACKSONVILLE, Fla. -- Action News has learned the City of Jacksonville has lost big money on a basketball game that was supposed to rake in millions of dollars.
Jacksonville City Councilman Matt Schellenberg says the City lost about $750,000 after putting on the Navy-Marine Classic Corps basketball game on November 2, 2012.
The event was part of Mayor Alvin Brown's Week of Valor and was organized by Alan Verlander, Executive Director of Sports and Entertainment. Shellenberg says the event drained the City's sports fund. Since then, no money has been put back into that fund. "Harry Truman said it best. the buck stops at the top. I think that's the case. Alan Verlander is a wonderful person and he's new. But, what happens is he can't really do anything without actually getting permission and getting somebody else to sign off on it," says Councilman Schellenberg.
Schellenberg tells Action News that the City's sports fund is almost empty. He also adds, if the city does not put on a profitable special event soon, the fund will have to be replenished either by tax payers or budget changes.