$385,000 Annual Operating Loss
Why would St Marys Ontario staff estimates of the annual losses for the St Marys Arena expansion be so out of line with the estimates of the professional consultants?
In June 2005 Monteith Brown on page 50 of their report 'Recreation Complex Expansion Feasibility Study' said the proposed St Marys Arena complex would lose between $398,832 and $383,149 annually from operations.
8 months later on March 9, 2006 Deloitte & Touche at their public presentation basically agreed with Monteith Brown and estimated the annual loss at $385,000 (see St Marys Ontario Arena - $385,000 Operating Obligation).
In between at the August 23, 2005 council meeting Jim Bryson's estimate was less than half at $166,000. Because he's the facilities manager its the one figure in his presentation I thought would be right.
In June 2005 Monteith Brown on page 50 of their report 'Recreation Complex Expansion Feasibility Study' said the proposed St Marys Arena complex would lose between $398,832 and $383,149 annually from operations.
8 months later on March 9, 2006 Deloitte & Touche at their public presentation basically agreed with Monteith Brown and estimated the annual loss at $385,000 (see St Marys Ontario Arena - $385,000 Operating Obligation).
In between at the August 23, 2005 council meeting Jim Bryson's estimate was less than half at $166,000. Because he's the facilities manager its the one figure in his presentation I thought would be right.
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