Since its opening in 2006, the Essar Centre has been owned, operated and managed by the city of Sault Ste. Marie.
With losses over five years to be over $437,000 and a budget loss of over $625,000 this year, city councilors Susan Myers and Sandra Hollingsworth are looking into the option that was laid out in the beginning, of having private management.
They are looking at the model set by Kingston’s 10-year-old and 6,700 seat Rogers K-Rock Centre.
The city of Kingston entered into a new five-year contract last year whereby the city is guaranteed 100 per cent of the first $550,000 of profit.
Our city council is looking for the same type of dollar value from the Essar Centre.
What the councilors are looking for from staff is:
- examples of other similar sized municipalities with a similar facility being operated privately
- what process and time line would be required for City Council to consider the option of private management of the Essar Centre.