Intrust Bank Arena loses money in third quarter
02/12/2014 10:51 AM
08/06/2014 1:33 AM
The third quarter brought only two events to Intrust Bank Arena — a wrestling spectacle and a Christian concert — and a $577,590 deficit for the period as a result.
Gross building income for the arena was off by $372,249 compared with the same time period last year.
Despite the numbers, Assistant County Manager Ron Holt told Sedgwick County commissioners Wednesday that the arena is in the black for the year with net building income of $175,684.
WWE Raw and Hillsong Live, a church-based musical act, were the only performances from July to September. Attendance at WWE Raw was 3,577, and 3,058 people came to hear Hillsong Live. Fewer people bought tickets, though. Holt said 3,174 tickets were sold for the wrestling event and 2,919 for the concert. The average cost per ticket sold was $38.84 for the wrestling event and $22.55 for the concert.
Arena manager A.J. Boleski said the arena’s fourth quarter looks better with an Oklahoma City Thunder preseason NBA game, which set attendance records for the venue, and a concert by rock band Aerosmith providing marquee events.
The arena netted $389,659 last year, down from its first year of just more than $2 million.