What will be the Town of St. Stephen’s annual operational costs?
Estimates have been made regarding operating costs and revenue based upon the experience of our existing Border Arena and outdoorpools. We have compared and continue to compare our estimates with other similar facilities in the Maritimes. Of course, they are all different but give a reasonable indication. It would be great to have a fully self-supporting facility and we should work to that end within reason, however if fully user-paid, the rates might be so high that the benefits could not be enjoyed by a large proportion of our population. As a Town-owned facility, the Town of St. Stephen will absorb any costs which exceed operating revenue. The annual cost of operating the new facility is estimated to be in the order of $794,000, including staffing, utilities, maintenance and related miscellaneous expenses. The annual revenues generated by the Civic Centre’s various activities and events will be approximately $589,000.
