Patrick Bero

Patrick Bero Email and Phone Number

C.E.O./C.F.O. @
Patrick Bero's Location
Detroit Metropolitan Area, United States
Patrick Bero's Contact Details

Patrick Bero work email

Patrick Bero personal email

n/a

Patrick Bero phone numbers

About Patrick Bero

The Detroit Regional Convention Facility Authority (DRCFA) is a municipal Authority established by the State of Michigan for the purpose of overseeing the renovation, expansion and operation of Huntington Place Convention Center in Detroit, MI.The CEO/CFO serves as the senior executive officer on behalf of the DRCFA Board and is responsible for strategy, finance, budgeting, legal, audit, public reporting, lobbying, public relations, capital acquisition, safety & health, insurance & risk management, investment, capital projects and day-to-day oversight of all activities of the management company, contractors and vendors responsible for the day-to-day operation of a 2.4 million square foot convention facility.During my 12 years serving as the Chief Executive the DRCFA has:• Successfully lobbied the State of Michigan for changes to our enabling legislation that permit a new $500 million expansion/renovation of Huntington Place Convention Center.• Secured a 22-year, $33 million naming rights agreement with Huntington Bank to rename the convention center – it is the largest convention center naming rights agreement ever recorded.• Issued $296.35 million in municipal bonds to refund private placement financing. Combined financing package for redevelopment saved state taxpayers approximately $30 million over the life of the bond issue.• Secured $315 million private placement bond refinancing of existing Authority debt and funding of $279 million Huntington Place redevelopment program.• Increased operating revenues from $3.6 million to $19.5 million between 2009 and 2019 while operating loss declined from over $21 million to a profit $1.98 million during the same period.• Completed on-time and on-budget completion a $279 million redevelopment project and on-going capital improvements of approximately $10 million per year.• Established an Owners Controlled Insurance Program (O.C.I.P.) to provide general liability and worker’s compensation coverage for all contractors working on the $230 million Phase III of the Huntington Place redevelopment program. It is estimated that this program saved the DRCFA over $2 million during the life of the redevelopment project.• Oversaw 1.3 million construction hours and approximately $37 million in payroll with less than $100,000 in insurance claims over three years of construction activity.• Reduced insurance expense by over 10% while simultaneously improving the quality of coverage and cutting deductibles by 50%.

Patrick Bero's Current Company Details
Calderone Hudson Group

Calderone Hudson Group

C.E.O./C.F.O.
Patrick Bero Work Experience Details
  • Calderone Hudson Group
    Executive Director
    Calderone Hudson Group May 2014 - Present
    Birmingham, Mi
    The Calderone Hudson Group is a boutique financial and operational consultancy serving the national middle market. CHG specializes in working with both healthy and underperforming companies across multiple industries, with a special focus on clients operating in the casino and hospitality business, construction & engineering, distribution, manufacturing, consumer products, and transportation and logistics industries.
  • Strategic Partner Management Consulting
    President
    Strategic Partner Management Consulting Apr 2001 - Present
    Clarkston, Michigan
    Provide strategic, financial and operations consulting services to clients operating in the real estate, hospitality and gaming industries.
  • Huntington Place Detroit Regional Convention Facility Authority
    C.E.O./C.F.O.
    Huntington Place Detroit Regional Convention Facility Authority Mar 2011 - Jun 2023
    Detroit, Michigan
    Chief executive responsible for finance, budgeting, legal, audit, public reporting, lobbying, public relations, capital acquisition, safety & health, insurance & risk management, and investment functions for State Authority charged with the operation and redevelopment of Huntington Place in Detroit, Michigan.•Directed the issuance of $295 million in the municipal bond market.•Secured $315 million in short-term private placement bond refinancing of existing Authority debt and funding of $279 million Huntington Placer redevelopment program.•Working with the State of Michigan, DRCFA project financing strategy saved state taxpayers over $30 million over the thirty-year life of the bond issue.•Oversee the activities of the management company, contractors and vendors responsible for the day-to-day operation of a 2.4 million square foot convention facility.•Achieved break-even net of state subsidies three years in a row and seven years ahead of state mandate.•Oversee the activities of the capital program team responsible for the on-time and on-budget completion of a $279 million redevelopment project.•Established an Owners Controlled Insurance Program (O.C.I.P.) to provide general liability and worker’s compensation coverage for all contractors working on the Huntington Place redevelopment program. It is estimated that this program will save the DRCFA over $2 million during the life of the redevelopment project.•Leader of the safety and risk management team that has overseen over 1,146,000 construction hours and approximately $32 million in payroll with less than $100,000 in insurance claims over three years.•Reduced insurance expense by over 10% while simultaneously improving the quality of coverage and cutting deductibles by 50%.•Improved the DRCFA commercial credit score from 55 (high risk) to 78 (above industry average) in three months through modified cash management and accounts payable processes.
  • Deloitte
    Manager
    Deloitte Jun 1996 - Apr 2001
    Senior Consultant and Manager in the Real Estate, Hospitality and Gaming Consulting practice
  • Mirage Resorts, Inc.
    Financial Analyst
    Mirage Resorts, Inc. Mar 1991 - Jun 1995
    Financial Analyst at the Golden Nugget and Treasure Island Resort properties

Patrick Bero Education Details

Frequently Asked Questions about Patrick Bero

What company does Patrick Bero work for?

Patrick Bero works for Calderone Hudson Group

What is Patrick Bero's role at the current company?

Patrick Bero's current role is C.E.O./C.F.O..

What is Patrick Bero's email address?

Patrick Bero's email address is pb****@****ter.com

What is Patrick Bero's direct phone number?

Patrick Bero's direct phone number is (313) 877*****

What schools did Patrick Bero attend?

Patrick Bero attended University Of Notre Dame, University Of Notre Dame - Mendoza College Of Business.

Not the Patrick Bero you were looking for?

Free Chrome Extension

Find emails, phones & company data instantly

Find verified emails from LinkedIn profiles
Get direct phone numbers & mobile contacts
Access company data & employee information
Works directly on LinkedIn - no copy/paste needed
Get Chrome Extension - Free

Aero Online

Your AI prospecting assistant

Download 750 million emails and 100 million phone numbers

Access emails and phone numbers of over 750 million business users. Instantly download verified profiles using 20+ filters, including location, job title, company, function, and industry.