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Quarterly Profit For Intrust Bank Arena Down, But Better Than 2014

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A quarterly report spanning April to June of this year shows that Intrust Bank Arena earned $297,794 less than what it spent on operations.

The year-to-date numbers are more encouraging: The report indicates total profits through June of this year is nearly $200,000. The arena was more than $7,000 in the hole through June 2014.

Acting Sedgwick County Manager Ron Holt says the next few months will continue to be slow for Intrust Bank Arena, but that the end of the year is loaded with concerts, hockey and basketball games.

“[Intrust Bank Arena] has a really packed fourth quarter, so we should end the year in very good standing,” Holt told county commissioners on Tuesday.

The venue was built with the help of a countywide, 1-cent sales tax, which has now expired. Holt said having a large downtown venue that is already paid for helps with profitability.

After a strong debut in 2010, arena profits have been down in recent years. The building struggled to break even in 2014.

More numbers:

  • There were 77 performances and 58 events at Intrust Bank Arena through June of this year
  • Food and beverage sales drive income at the arena—nearing $1 million through June
  • More than 222,000 people attended performances at Intrust Bank Arena through June and the average attendance for events was 3,832
  • The average ticket price was $29.88 through June

Follow Sean Sandefur on Twitter @SeanSandefur.

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