Group expected to present revised Manchester ice arena plans
Stakeholders in the newly-formed West Side Renaissance Park Inc., are expected to be present at the session, to discuss details of a proposal to overhaul and operate the arena. Company representatives have publicly stated the group is looking to acquire administrative control over the rink and adjacent properties, while the city will retain ownership of the land and building.
According to paperwork filed with City Clerk Matthew Normand prior to today’s session, Summit Consulting and Management LLC — a construction and property management firm — will provide the services for the build-out of the arena, as well as long-term facilities management for the property. The documents state the purpose of the project is “to provide increased skating and hockey opportunity and enrichment to all sectors of the greater Manchester community through growth and enhancement of Manchester Regional Youth Hockey Association (MRYHA) programs, as well as the introduction of progressive, skating-based initiatives designed to broaden the availability of ice-centered initiatives.”
• Addition of two new locker/changing rooms ($270,000)
• Renovation of the mezzanine space to accommodate new concession, warming, office and spectator space ($170,000)
• Upgraded ADA facilities, including a new elevator ($200,000)
There is also $100,000 in contingency funds built into the cost of the project.
For the current fiscal year, revenues for the arena are projected to be $434,190. West Side Renaissance Park projects that, if renovations to the arena move forward, those numbers will jump to $609,880 in 2014-15 and will increase each year after, up to $755,521 in 2018-19. In 2012, the arena generated a net profit before taxes of $40,208. The plan estimates that figure to climb to $114,588 by 2018-19 if the project moves forward. The city would retain revenues generated through advertising, concession and merchandise sales at the arena, under terms of the proposed agreement.