Province to audit Trade Centre Ltd.'s operations

The provincial auditor general says he will be auditing Trade Centre Ltd. operations following the recent concert scandal where Halifax lost $360,000 because of poor ticket sales.

Jacques Lapointe, told the CBChe is looking into the provincial Crown corporation's activitiesafter Halifax Regional Municipality's auditor generalreleased his report last week.

Larry Munroe's report details the transfer of Ticket Atlantic from HRM's Metro Centre to Trade Centre Ltd. His reportfound that the transfer in 2006 happened without approval of documented minutes.

Munroe says the city's profits for ticket sales remained the same after the move. But Trade Centre's profits increased drastically, with Trade Centre receiving 75 per cent of the profits, adding hundreds of thousands of dollars to the provincially-owned agency.

Lapointe says he will release his audit of Trade Centre Ltd. in November at the earliest