Intrust Bank Arena reports $703,000 profit for last year
The Intrust Bank Arena in Wichita finished 2012 with a profit of $703,000, according to a report presented Wednesday to Sedgwick County commissioners.
Assistant County Manager Ron Holt called it "a very good year," with a strong fourth quarter that included a Wichita State basketball game and a sold out NBA contest with the Oklahoma City Thunder.
The arena had 92 events and 102 performances in 2012, for an average attendance of 4,579 per event. Ticket sales added up to over $3.7 million, and with concessions and other income, the total operating income for the arena was over $5.3 million. Expenses added up to $4.6 million, leaving a profit of $703,000.
Arena general manager A.J. Boleski said in addition to the NBA game, there was another sold out event in the fourth quarter with the Eric Church concert. Boleski said the arena is looking to continue its relationship with Wichita State, and hopes to continue having an NBA exhibition game every year. He said he and his staff also attended a week-long conference in Los Angeles last week, meeting with promoters and agents to talk about future events.
The SMG management firm will get $450,000 from the profits for the year, and the rest, $253,000, will go to Sedgwick County to go into the maintenance fund for the arena.
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