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QUESTION: Provide t��e history on tk�e extent to which i�z� City of <br />Roseville has provided local, private and user financing for the proj ect <br />From 1993-2003 the Oval, and eventually the Skating Center, experienced o�erating <br />losses (cash-flow only) of approximately $1.5 million. From 1993-1999, the City relied <br />upon other recreation-type revenues and Recreation Fund reserves to cover the losses. <br />During 2000-2003 (the last year for which a full season of Oval operations was realized), <br />the Skating Center generated an average -� i i u,:_i operating loss (cash-flow only) of <br />approximately $175,000. <br />The Oval's sllort term and long-term financial viability is heavily dependent on six <br />factors. They include: <br />1) Participant levels <br />2) Participant fee az�p�zlis <br />3) Personnel operating costs <br />4) Utility operating costs <br />5) Capital Costs <br />6) State of Minnesota's continued sup�ort due to the facilities regional nature <br />Ice rental provides 60% of the Skating Center's revenues £ro�� user groups. No other <br />revenue source provides more than 5%. On the expenditure side, personnel, utility and <br />capital costs account for 75% of the Skating Center's costs. No other cost category <br />exceeds 5%. If the Oval is to remain viable for the foreseeable future, it is iznperaiive <br />that the City stabilize these six factors. <br />