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East Butler, C2 1 district volleyballPhotos: North Star vs. Southeast, A 7 district volleyballPhotos: High Plains vs. East Butler, D 1 football playoffsPhotos: The 49th Annual CMA AwardsPhotos: Fabulous fall colorsCity leaders are hopeful that they will be able to make up the loss, in part because revenues were limited during the three months of predominantly basketball games at Pinnacle Bank Arena.”We are still expecting at the end of the year they would be atbreak even,” said Steve Hubka, city finance director.City and arena staff are meeting monthly to review the financial outlook, including discussing ways to increase revenue and reduce expenses, cheap yeezy clothing he said.Even if arena operations don’t break even this year, revenue from all sources is enough to cover operations without jeopardizing bond repayments,said Tom Lorenz, who manages the arena for SMG.The city and the West Haymarket Joint Public Agency are both involved in arena operations but have different responsibilities and income sources.The city, which is responsible for operating the arena, draws income from ticket sales to concerts, food and beverage sales and parking revenue from the attached garage and the nearby festival space lot.The West Haymarket JPA, a separate legal entity, is responsible for paying off the $378 million in bonds used to build the arena and related public cheap yeezys for sale infrastructure.The JPA’s revenue sources include the city’s occupational tax, a portion of the state sales tax known as the kick back tax, sale of arena suites, naming rights and other sponsorships.The city pays SMG, a national firm, $200,000 annually, plus a percentage of food and beverage sales, to run the arena and food service.The nearly $172,000 loss to date represents about 1 percent of the city’s $15 million annual budget for arena operations.The city’s revenue reports list only net income to avoid inadvertently providingproprietary information about ticket sales and payments to individual performers.Beyond the bottom line, the arena has been a smash hit to date.
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