It was another solid financial month for Wichita’s Intrust Bank Arena, as the facility turned a $397K profit in May, with over 43,000 fans attending events at the new facility. The Sedgwick County Board received the good news today. The profitable month marks the sixth straight months of operating profits for the arena. Over $1.6 […]
Tag Archives | smg
Stockton looks at shifting arena management to SMG
Management of Stockton Arena could pass from International Facilities Group to SMG if the Stockton City Council has its way. IFG has managed the arena since its opening, but the terms of the deal have rankled city officials for years: the perception is that IFG is doing too little and receiving too much money. So […]
Reading Royals, SMG commit to Sovereign Arena through 2020
The ECHL’s Reading Royals and arena-management-firm SMG — which has an ownership stake in the Royals — will be integral parts of Sovereign Arena under contract extensions announced yesterday. SMG has managed the arena since it opened in 2001; Savor, the firm’s concessions arm, also had its contract extended through 2020 as well. SMG receives […]
Ohio State: No reason for public release of arena-management details
Here’s one way to keep promoters from negotiating a better deal in the Columbus arena market: Ohio State, which now books both Nationwide Arena and the Schottenstein Center, refuses to make public the details of its management deal with the Columbus Blue Jackets (NHL). The background: The Blue Jackets are losing he team rents the […]
Arena solutions emerging in Columbus
A game plan for the future of troubled Nationwide Arena is slowly coming together, with Ohio State University looking at booking events and Franklin County buying the downtown Columbus facility. The current financial situation, according to Columbus Blue Jackets (NHL) officials, is not sustainable: the team rents the arena for $5 million, pays SMG for […]
Presson steps down as Intrust Bank Arena GM
In a surprising move, Chris Presson has stepped down as general manager of the just-opened Intrust Bank Arena in Wichita, citing family reasons for his decision to resign the post. Presson has a long history in the Wichita market: besides serving as GM of the arena during the final construction phases and its opening, he […]
