Arena's profit in January up over year ago
03/26/2012 12:22 PM
08/05/2014 5:56 PM
Intrust Bank Arena made more money in January than it did its opening month a year ago.
The arena's net profit for January was $68,137, assistant Sedgwick County manager Ron Holt told commissioners Wednesday. There were 15 performances that month.
In January 2010, the month the arena opened, total gross building income was higher, but profit was lower at $23,456. Country singer Brad Paisley was the first performer to play the arena, on Jan. 9.
"We're off to a great start from a financial perspective," Holt said.
Unaudited figures show the arena made just more than $2 million in its first year.
County officials have warned that this year likely won't compete with the arena's inaugural year.
The arena hosted 119 performances last year. There were 80 concerts, family shows, sporting events, hockey games and other events.
Depreciation is not included in financial statements.
Taxpayers approved a 30-month, 1 percent tax to build the arena.
The arena is playing host to the NCAA women's basketball tournament next week.