The Catoosa County Colonnade has lost more than $100,000 the last two years and stands to lose more once a church renting space in it builds a permanent home.
The Colonnade, a civic center constructed in 2000 for about $4.5 million, cost $395,000 to run last year but brought in $248,000, a loss of about $147,000.
The building lost $134,000 in 2008 and about $100,000 in 2007, according to financial figures.
Halfway through the current fiscal year, the Colonnade is on pace to bring in more and spend less than last year.
Catoosa County Financial Officer Carl Henson said the financial situation was improving in 2007 before the recession hit.