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5. - 10. ICESR 04012003
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5. - 10. ICESR 04012003
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10/25/2013 10:21:41 AM
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City Government
type
ICESR
date
4/1/2003
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The same concept still holds true today, however it is the City that has a commitment <br /> to its taxpayers to try to hold down the deficit of the Arena. To do this, the Arena has <br /> several non-ice rental revenues, however the majority of its revenue comes from the <br /> sale of ice. Non prime time hours account for over $13,000 of this revenue. If the <br /> Arena did not sell these hours, ice rates for prime time hours would need to be <br /> increased to as much as $180.00 an hour to make up the difference. This would not <br /> only drive away outside customers, but would increase the fees to the members of <br /> associations that did purchase ice to a point where they could no longer afford <br /> skating. <br /> Over the years the Arena has been pro active in trying to reduce the starting time of <br /> the non prime time hours (see the attached spread sheets.) and has some success <br /> doing so. <br /> Elk River Youth Hockey rents the majority of the prime time hours thus they rent the <br /> majority of the non prime time ice. The percentages of the non prime time hours have <br /> decreased considerably from when Elk River Youth Hockey owned and operated the <br /> Arena. The follow is a quick look at the percentages of non prime time hours <br /> compared to prime hours rented over the years by youth hockey: <br /> 2002 —2003 = 6.9% <br /> 2001 -2002=7.5% <br /> 2000 —2001 = 7.6% <br /> 1999 -2000 =7.4% <br /> 1998 — 1999 = 11% <br /> 1997- 1998 = 11% <br /> 1996 — 1997 = 16.3% <br /> Another concern that a good deal of Elk River Youth Hockey members have is that <br /> they will be losing a lot of prime time hours during the week due to Rogers High <br /> School playing their home games at the Arena next season. I have been working with <br /> John Barth to schedule as many games as possible on weekends. The Elk River Boys <br /> will have two to three less home games next year, which should ease the pressure of <br /> games on weekdays. <br /> 7) Refrigeration Leak <br /> Last fall the Olympic ice plant had a leak in the system that leaked out over 4,700 <br /> pounds of refrigerant. The insurance covered the $6,500.00 expense to replace the <br /> refrigerant. Anti vibration braids were installed on the discharge lines of the system <br /> and the number one compressor is now isolated from the rest of the system, which has <br /> greatly reduced the amount of vibration. <br />
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