The Lakeshore Arena Corporation manages the day to day operations and the leasehold interest in the Lakeshore Arena facility, previously held by Lakeshore Lions Club, until a future direction for the Arena can be established by the City.

Follow this link for information on the Board governance structure for Lakeshore Arena Corporation.

2013 Financial Results

Audited Financial Statements ($000’s)

  Year ended Dec. 31, 2012 Year ended Dec. 31, 2013

Audited

Audited

Operations revenue

4,411.4

5,146.5

    Ice rentals

2,845.9

3,213.5

    Tenancy rentals

610.6

883.6

    Snack sales

243.3

272.1

    Licensing

272.2

278.9

    Utility Recovery

171.0

238.3

    Other

68.5

260.0

Operations expenses

4.989.4

5,244.4

Salaries and benefits

995.1

980.9

Legal and audit

58.8

18.250

Insurance

49.8

50.6

Interest and bank charges

20.6

25.8

Building and equipment maintenance

402.1

477.3

Bad debts (recovery)

(36.6)

36.9

Interest on long-term debt

1,529.5

1,505.6

Amortization of tangible capital assets

952.4

952.0

Office cleaning, phone, bank interest, other

80.414

72.6

Accumulated deficiency, end of year

2,570.6

2,472.7